Consolidated Edison Inc (NYSE:ED) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.43 by 10 Brokerage Firm. 7 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Major Brokerage house, Deutsche Bank downgrades its ratings on Consolidated Edison Inc (NYSE:ED). According to the latest information available, the shares are now rated Sell by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on April 18, 2016.
Consolidated Edison Inc (NYSE:ED): 7 analysts have set the short term price target of Consolidated Edison Inc (NYSE:ED) at $68.71. The standard deviation of short term price target has been estimated at $6.1, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 77 and $58 respectively.
Consolidated Edison Inc (NYSE:ED) rose 0.01% or 0.01 points on Tuesday and made its way into the gainers of the day. After trading began at $77.37 the stock was seen hitting $77.53 as a peak level and $76.84 as the lowest level. The stock ended up at $77.17. The daily volume was measured at 1,364,649 shares. The 52-week high of the share price is $78.3999 and the 52-week low is $57.17. The company has a market cap of $22,688 million.
Consolidated Edison, Inc. has dropped 1.38% in the last five trading days, however, the shares have posted positive gains of 6.94% in the last 4 weeks. Consolidated Edison, Inc. is up 4.44% in the last 3-month period. Year-to-Date the stock performance stands at 22.3%.
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).