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ITC Holdings Corp. (NYSE:ITC) target price raised to $52.00, issued a report today by Zacks Investment Research

Yesterday ITC Holdings Corp. (NYSE:ITC) traded 0.54% higher at $46.36. The company’s 50-day moving average is $46.12 and its 200-day moving average is $44.93. The last stock close price is up 3.74% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,277,553 shares of the stock were exchanged, up from an average trading volume of 853,809

ITC Holdings Corp. (NYSE:ITC) had its target price raised to $52.00 by Zacks Investment Research in a report released 9/22/2016. The new target price indicates a possible upside of 0.12% based on the company's last stock close price.

See Chart Below

ITC Holdings Corp. (NYSE:ITC)

ITC Holdings Corp. has a PE ratio of 30.11 with a one year low of $30.33 and a one year high of $47.46 ITC Holdings Corp.’s market capitalization is currently $0.

Also covering ITC Holdings Corp.'s price target, a total of 7 brokerages have issued a ratings update on the company. The one year target is $42.29 with one analyst rating the company a strong buy, 4 firms rating the stock a buy, 7 firms rating the stock a hold, 0 brokerages rating the company a underperform, and lastly zero analysts rating the company a sell.

More 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.

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