Zacks Investment Research downgraded Consolidated Edison, Inc. (NYSE:ED) to Sell in a report released today.
- Updated: January 11, 2017
Zacks Investment Research has downgraded Consolidated Edison, Inc. (NYSE:ED) to Sell in a report released on 01/11/2017.
Previously on Monday February 22, 2016, UBS Securities reported on Consolidated Edison, Inc. (NYSE:ED) increased the target price from $59.00 to $62.00. At the time, this indicated a possible downside of -0.13%.
Just yesterday Consolidated Edison, Inc. (NYSE:ED) traded 0.56% higher at $72.99. The company’s 50-day moving average is $72.10 and its 200-day moving average is $75.06. The last stock close price is down -2.68% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.04% over the same period. Trade Volume was down over the average, with 781,621 shares of ED changing hands under the typical 1,631,010
Recent Performance Chart
Consolidated Edison, Inc. has PE ratio of 18.00 with a one year low of $65.59 and a one year high of $81.88 and has a market capitalization of $0.
A total of 13 brokerages have issued a ratings update on Consolidated Edison, Inc.. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, twelve brokerages rating the company a hold, four brokerages rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $69.46.
General Company Details For Consolidated Edison, Inc. (NYSE:ED)
Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and Con Edison Transmission, Inc. It owns competitive energy businesses. The Company also owns Con Edison Transmission, Inc. (Con Edison Transmission), which invests in electric and gas transmission projects through its subsidiaries, Consolidated Edison Transmission, LLC (CET Electric) and Con Edison Gas Midstream, LLC (CET Gas). CECONY is a provider of electricity, natural gas and steam to customers in New York City and Westchester County. O&R delivers electricity and natural gas to customers located in south-eastern New York, northern New Jersey and north eastern Pennsylvania. Con Edison provides energy-related products and services to wholesale and retail customers, and develops, owns and operates renewable and energy infrastructure projects.
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