Zacks Investment Research downgraded PPL Corp (NYSE:PPL) to Hold in a report released today.
- Updated: November 28, 2016
Yesterday PPL Corp (NYSE:PPL) traded 2.70% higher at $33.32. The company’s 50-day moving average is $33.36 and its 200-day moving average is $35.91. The last stock close price is down -4.71% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 3,315,942 shares of the stock were exchanged, down from an average trading volume of 4,883,690
Zacks Investment Research has downgraded PPL Corp (NYSE:PPL) to Hold in a report released on 11/28/2016.
Previously on 11/25/2016, Zacks Investment Research reported about PPL Corp (NYSE:PPL) raised the target price from $0.00 to $37.00. At the time, this indicated a possible upside of 0.13%.
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PPL Corp has a 52 week low of $32.08 and a 52 week high of $39.92 with a P/E ratio of 12.71 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 15 firms have reported on the stock. The consensus target price is $39.00 with 6 firms rating the stock a strong buy, 2 firms rating the stock a buy, 10 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About PPL Corp (NYSE:PPL)
PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. It operates through three segments: U.K. Regulated Segment, Kentucky Regulated Segment and Pennsylvania Regulated Segment. The U.K. Regulated Segment comprises PPL Global, which includes PPL WPD Limited and its subsidiaries' regulated electricity distribution operations, among others. The Kentucky Regulated segment consists of the operations of LG&E and KU Energy LLC, a subsidiary of PPL, which owns and operates regulated public utilities engaged in the generation, transmission, distribution and sale of electricity and distribution and sale of natural gas. The Pennsylvania Regulated segment consists of the operations of PPL Electric Utilities Corporation, which distributes and transmits electricity.
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