TC Pipelines, LP (NYSE:TCP) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 19, 2016
Zacks Investment Research has downgraded TC Pipelines, LP(NYSE:TCP) to Hold in a statement released on 9/19/2016.
On Monday August 22 2016, Zacks Investment Research released a statement about TC Pipelines, LP(NYSE:TCP) upped the target price from $0.00 to $60.00 that suggested an upside of 0.13%.
Showing a price of $53.00, TC Pipelines, LP (NYSE:TCP) traded 1.56% higher on the day. With the last close down 0.62% relative to the 200-day moving average, compared to the S&P 500 which has fallen -0.01% over the same time. TC Pipelines, LP has been tracking to a 50-day average of $53.44 and two hundred day moving average of $53.30. Volume of trade was was up over the average, with 312,124 shares of TCP changing hands over the typical 207,870 shares.
See Graph Below:
TC Pipelines, LP has a price-earnings of 163 with a 52 week low of $34.25 and a 52 week high of $60.48. TCP’s total market value is currently $0.0.
In addition to Zacks Investment Research reporting it’s price target, a total of 8 equity analysts have issued a research note on TCP. The consensus target price is $56.75 with 0 rating the stock a strong buy, 0 rating the company a buy, 0 firms rating the stock a hold, 0 rating the company to underperform, and lastly 0 firmsrating the company as sell.
More About TC Pipelines, LP (NYSE:TCP)
TC PipeLines, LP is a limited partnership company that acquires, owns and participates in the management of energy infrastructure businesses in North America. The Company’s pipeline systems transport natural gas in the United States. The Company has approximately four pipelines and equity ownership interests in over three natural gas interstate pipeline systems that are collectively designed to transport natural gas from producing regions and import facilities to market hubs, and consuming markets primarily in the Western, Midwestern and Eastern United States. All of its pipeline systems are operated by subsidiaries of TransCanada. Its pipeline systems include Gas Transmission Northwest LLC (GTN), Northern Border Pipeline Company (Northern Border), Bison Pipeline LLC (Bison), Great Lakes Gas Transmission Limited Partnership (Great Lakes), North Baja Pipeline, LLC (North Baja), and Tuscarora Gas Transmission Company (Tuscarora) and Portland Natural Gas Transmission System (PNGTS).
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