PNM Resources Inc (NYSE:PNM) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 3, 2016
Zacks Investment Research has upgraded PNM Resources Inc (NYSE:PNM) to Hold in a statement released on 10/04/2016.
Boasting a price of $32.72, PNM Resources Inc (NYSE:PNM) traded -1.34% lower on the day. With the last stock price down -2.68% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. PNM has recorded a 50-day average of $32.74 and a two hundred day average of $33.17. Trade Volume was up over the average, with 653,433 shares of PNM changing hands over the typical 532,530
Recent Performance Chart
PNM Resources Inc has PE ratio of 354.73 with a one year low of $26.56 and a one year high of $36.15 and has a market capitalization of $0.
A total of 6 brokerages have released a report on PNM Resources Inc. Four brokerages rating the company a strong buy, three brokerages rating the company a buy, two brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $34.83.
General Company Details For PNM Resources Inc (NYSE:PNM)
PNM Resources, Inc. (PNMR) is an investor-owned holding company with approximately two regulated utilities providing electricity and electric services in New Mexico and Texas. PNMR's electric utilities are Public Service Company of New Mexico and Subsidiaries (PNM) and Texas-New Mexico Power Company and Subsidiaries (TNMP). It operates in three segments: PNM, TNMP, and Corporate and Other. The Company, through its Website www.pnmresources.com, provides information, including news releases, notices of Webcasts, and filings with the Securities and Exchange Commission (SEC). PNM is an electric utility that provides electric generation, transmission and distribution service to its rate-regulated customers. TNMP is a regulated utility operating in Texas. TNMP provides transmission and distribution services in Texas under the provisions of Texas Electric Choice Act (TECA) and the Texas Public Utility Regulatory Act.
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