Zacks Investment Research downgraded General Electric Company (NYSE:GE) to Sell in a report released today.
- Updated: November 30, 2016
Zacks Investment Research has downgraded General Electric Company (NYSE:GE) to Sell in a report released on 11/30/2016.
Just yesterday General Electric Company (NYSE:GE) traded -0.18% lower at $31.05. General Electric Company’s 50-day moving average is $29.59 and its 200-day moving average is $30.44. The last closing price is up 1.82% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 5,454,218 shares of General Electric Company exchanged hands, down from an avg. volume of 33,412,000
With a total market value of $0, General Electric Company has PE ratio of 26.65 with a one year low of $27.10 and a one year high of $33.00 .
A total of 14 equity analysts have released a ratings update on GE. Six equity analysts rating the company a strong buy, four equity analysts rating the company a buy, seven equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $32.79.
Brief Synopsis About General Electric Company (NYSE:GE)
General Electric Company (GE) is a global digital industrial company. The Company's products and services range from aircraft engines, power generation and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power segment offers products and services related to energy production and water reuse; Renewable Energy segment offers renewable power sources; Oil & Gas offers drilling, completion, production and oil field operation; Energy Management offers technologies to electrical power; Aviation designs and produces commercial and military aircraft engines, integrated digital components and mechanical aircraft systems; Healthcare provides essential healthcare technologies; Transportation is a supplier to the railroad, mining, marine, stationary power and drilling industries; Appliances & Lighting offers appliances and a subset of lighting products, and Capital offers continuing financial services businesses and products.
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