Zacks Investment Research downgraded Edison International (NYSE:EIX) to Hold in a report released today.
- Updated: October 14, 2016
Yesterday Edison International (NYSE:EIX) traded 0.13% higher at $70.91. The company’s 50-day moving average is $72.48 and its 200-day moving average is $73.15. The last stock close price is down -2.81% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 810,847 shares of the stock were exchanged, down from an average trading volume of 1,499,940
Zacks Investment Research has downgraded Edison International (NYSE:EIX) to Hold in a report released on 10/14/2016.
Previously on 10/13/2016, Zacks Investment Research reported about Edison International (NYSE:EIX) raised the target price from $0.00 to $78.00. At the time, this indicated a possible upside of 0.10%.
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Edison International has a 52 week low of $57.51 and a 52 week high of $78.72 with a P/E ratio of 26.36 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 17 firms have reported on the stock. The consensus target price is $73.06 with 5 firms rating the stock a strong buy, 7 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Edison International (NYSE:EIX)
Edison International is the parent holding company of Southern California Edison Company (SCE). SCE is engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. It is also the parent company of subsidiaries that are engaged in competitive businesses focused on providing energy services to commercial and industrial customers, including distributed resources, engaging in transmission opportunities, and exploring distributed water treatment and recycling. Its transmission and substation projects include Tehachapi, West of Devers and Mesa Substation. The Tehachapi Project consists of electric transmission lines and substations between eastern Kern County and San Bernardino County. The West of Devers Project upgrades SCE's existing West of Devers transmission line system by replacing a portion of the existing 220 kilovolt transmission lines and structures with higher-capacity transmission lines and structures.
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