Zacks Investment Research downgraded Consolidated Edison, Inc. (NYSE:ED) to Sell in a report released today.
- Updated: September 21, 2016
Zacks Investment Research has downgraded Consolidated Edison, Inc. (NYSE:ED) to Sell in a report released on 09/21/2016.
Previously on 9/14/2016, Vetr Inc. reported about Consolidated Edison, Inc. (NYSE:ED) raised the target price from $0.00 to $77.14. At the time, this indicated a possible upside of 0.05%.
Yesterday Consolidated Edison, Inc. (NYSE:ED) traded 0.00% even at $76.54. The company’s 50-day moving average is $76.29 and its 200-day moving average is $76.10. The last stock close price is up 0.58% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 0 shares of the stock were exchanged, down from an average trading volume of 1,844,770
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Consolidated Edison, Inc. has a 52 week low of $60.30 and a 52 week high of $81.88 with a P/E ratio of 19.83 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 13 firms have reported on the stock. The consensus target price is $69.46 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 12 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
About 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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