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Zacks Investment Research downgraded FirstEnergy Corp. (NYSE:FE) to Sell in a report released today.

Zacks Investment Research has downgraded FirstEnergy Corp. (NYSE:FE) to Sell in a report released on 7/4/2017.

Yesterday FirstEnergy Corp. (NYSE:FE) traded -0.06% lower at $29.06. The company’s 50-day moving average is $31.20 and its 200-day moving average is $30.49. The last stock close price is down 7.90% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 2,610,691 shares of the stock were exchanged, down from an average trading volume of 4,407,050

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FirstEnergy Corp. (NYSE:FE)

FirstEnergy Corp. has a 52 week low of $27.93 and a 52 week high of $34.96 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 16 brokers have issued a research note on the company. The average stock price target is $35.63 with 4 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 11 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About FirstEnergy Corp. (NYSE:FE)

FirstEnergy Corp. is a holding company. The Company is engaged in holding, directly or indirectly, all of the outstanding equity of its principal subsidiaries. Its segments include Regulated Distribution, Regulated Transmission, Competitive Energy Services (CES) and Corporate/Other. As of December 31, 2016, the Regulated Distribution segment distributed electricity through the Company's 10 utility operating companies, serving approximately six million customers, and purchased power for its provider of last resort (POLR), standard offer service (SOS), standard offer service (SSO) and default service requirements in Ohio, Pennsylvania, New Jersey and Maryland. The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by American Transmission Systems, Incorporated (ATSI) and Trans-Allegheny Interstate Line Company (TrAIL). The CES segment primarily supplies electricity to end use customers through retail and wholesale arrangements.

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