Keefe, Bruyette & Woods downgraded KeyCorp (NYSE:KEY) to Market Perform in a statement released earlier today.
- Updated: November 29, 2016
Boasting a price of $17.19, KeyCorp (NYSE:KEY) traded 0.76% higher on the day. With the last stock price close up 34.87% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. KeyCorp has recorded a 50-day average of $14.68 and a two hundred day average of $12.70. Volume of trade was down over the average, with 4,529,324 shares of KEY changing hands under the typical 16,672,900
Keefe, Bruyette & Woods has downgraded KeyCorp (NYSE:KEY) to Market Perform in a statement released on 11/29/2016.
With a total market value of $0, KeyCorp has price-earnings ratio of 19.74 with a one year low of $9.88 and a one year high of $17.57 .
A total of 27 equity analysts have released a research note on KEY. Eight equity analysts rating the company a strong buy, thirteen equity analysts rating the company a buy, nine equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $14.00.
More About KeyCorp (NYSE:KEY)
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate and institutional clients. Its segments include Key Community Bank and Key Corporate Bank. Key Community Bank serves individuals and small to mid-sized businesses by offering a range of deposit, investment, lending, credit card, and personalized wealth management products and business advisory services. Key Corporate Bank is a full-service corporate and investment bank focused on serving the needs of middle market clients in industry sectors, which include consumer, energy, healthcare, industrial, public sector, real estate and technology.
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