Zacks Investment Research upgraded PNM Resources Inc (NYSE:PNM) to Hold in a report released today.
- Updated: October 2, 2016
Zacks Investment Research has upgraded PNM Resources Inc (NYSE:PNM) to Hold in a report released on 9/28/2016.
Just yesterday PNM Resources Inc (NYSE:PNM) traded -1.56% lower at $33.98. PNM Resources Inc’s 50-day moving average is $32.78 and its 200-day moving average is $33.18. The last stock price is up -1.40% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 822,931 shares of PNM traded hands, up from an average trading volume of 530,061
Recent Performance Chart
PNM Resources Inc has 52 week low of $26.56 and a 52 week high of $36.15 with a PE ratio of 359.56 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokerages have issued a ratings update on the company. The average stock price target is $34.83 with 4 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On PNM Resources Inc (NYSE:PNM)
PNM Resources, Inc. (PNMR) is an investor-owned holding company with approximately two regulated utilities providing electricity and electric services in New Mexico and Texas. PNMR's electric utilities are Public Service Company of New Mexico and Subsidiaries (PNM) and Texas-New Mexico Power Company and Subsidiaries (TNMP). It operates in three segments: PNM, TNMP, and Corporate and Other. The Company, through its Website www.pnmresources.com, provides information, including news releases, notices of Webcasts, and filings with the Securities and Exchange Commission (SEC). PNM is an electric utility that provides electric generation, transmission and distribution service to its rate-regulated customers. TNMP is a regulated utility operating in Texas. TNMP provides transmission and distribution services in Texas under the provisions of Texas Electric Choice Act (TECA) and the Texas Public Utility Regulatory Act.
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