Analyst Rating Update on Consolidated Edison Inc (ED)

Consolidated Edison Inc (NYSE:ED) has an average broker rating of 3.43, which is interpreted as a Hold, as rated by 10 equity analysts. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Consolidated Edison Inc (NYSE:ED) : 7 investment research analysts covering Consolidated Edison Inc (NYSE:ED) have an average price target of $68.71 for the near short term. The highest target price given by the Brokerage Firm to the stock is $77 and the lowest target is $58 for the short term. Analysts expect the variance to be within $6.1 of the average price.

Company shares have received an average consensus rating of Hold for the current week Also, Deutsche Bank downgrades its view on Consolidated Edison Inc (NYSE:ED) according to the research report released by the firm to its investors. The shares have now been rated Sell by the stock experts at the ratings house. Earlier, the shares had a rating of Hold. The rating by the firm was issued on April 18, 2016.

Consolidated Edison Inc (NYSE:ED): On Tuesdays trading session , Opening price of the stock was $79.55 with an intraday high of $79.58. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $78.31. However, the stock managed to close at $79.2, a loss of 0.66% for the day. On the previous day, the stock had closed at $79.73. The total traded volume of the day was 2,513,962 shares.

In an insider trading activity, Mcavoy John, director officer (Chairman, President & CEO) of Consolidated Edison Inc, executed a transaction worth $2,110 on June 15, 2016. A total of 027 shares were purchased at an average price of $78.13. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and the Competitive Energy Businesses. CECONY delivers electricity, natural gas and steam to customers in New York City and Westchester County. Orange and Rockland Utilities Inc. (O&R) delivers electricity and natural gas to customers located in south-eastern New York, northern New Jersey and north-eastern Pennsylvania. O&Rs utility subsidiaries include Rockland Electric Company and Pike County Light & Power Company. Competitive energy businesses provide retail and wholesale electricity supply and energy services. The Competitive Energy Businesses include three subsidiaries: Consolidated Edison Solutions, Inc. (Con Edison Solutions); Consolidated Edison Energy, Inc. (Con Edison Energy), and Consolidated Edison Development, Inc. (Con Edison Development).

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *