Zacks Investment Research downgraded Southern Co (NYSE:SO) to Sell in a report released today.
- Updated: January 11, 2017
Just yesterday Southern Co (NYSE:SO) traded 0.57% higher at $48.68. Southern Co’s 50-day moving average is $48.35 and its 200-day moving average is $50.87. The last closing price is down -4.35% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.04% over the same time period. 2,080,731 shares of SO traded hands, down from an average trading volume of 5,095,940
Zacks Investment Research has downgraded Southern Co (NYSE:SO) to Sell in a report released on Wednesday January 11, 2017.
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Southern Co has a 52 week low of $46.20 and a 52 week high of $54.64 with a P/E ratio of 18.27 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 14 brokers have issued a report on the stock. The consensus target price is $49.29 with 1 broker rating the stock a strong buy, 0 brokers rating the stock a buy, 13 brokers rating the stock a hold, 3 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About Southern Co (NYSE:SO)
The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional operating companies and Southern Power Company (Southern Power), and owns other direct and indirect subsidiaries. Southern Company's segments include the sale of electricity by four traditional operating companies, Southern Power and All Other. The traditional operating companies, including Alabama Power Company (Alabama Power), Georgia Power Company (Georgia Power), Gulf Power Company (Gulf Power) and Mississippi Power Company (Mississippi Power), are vertically integrated utilities providing electric service in over four Southeastern states. The Company has interests in the Southern Communications Services, Inc., Southern Nuclear Operating Company, Inc., Southern Company Holdings, Inc. and other direct and indirect subsidiaries. Its subsidiary also includes PowerSecure International, Inc.
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