ITC Holdings Corp. (NYSE:ITC) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 24, 2016
Zacks Investment Research has downgraded ITC Holdings Corp. (NYSE:ITC) to Hold in a statement released on Wednesday September 21, 2016.
Boasting a price of $46.36, ITC Holdings Corp. (NYSE:ITC) traded -0.64% lower on the day. With the last stock price close up 3.01% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. ITC Holdings Corp. has recorded a 50-day average of $46.12 and a two hundred day average of $44.96. Volume of trade was up over the average, with 1,437,293 shares of ITC changing hands over the typical 857,544
With a total market value of $0, ITC Holdings Corp. has price-earnings ratio of 29.92 with a one year low of $30.33 and a one year high of $47.46 .
A total of 7 equity analysts have released a ratings update on ITC. One equity analyst rating the company a strong buy, four equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $42.29.
Brief Synopsis About ITC Holdings Corp. (NYSE:ITC)
ITC Holdings Corp. (ITC Holdings) is a holding company. The Company is engaged in owning, operating, maintaining and investing in transmission infrastructure. The Company's business consists primarily of the electric transmission operations of its Regulated Operating Subsidiaries. Its Regulated Operating Subsidiaries include International Transmission Company (ITCTransmission), Michigan Electric Transmission Company, LLC (METC), ITC Midwest LLC (ITC Midwest). The operations performed by its Regulated Operating Subsidiaries fall into the various categories, such as asset planning; engineering, design and construction; maintenance, and real time operations. Its customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. It owns and operates high-voltage systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.