ITC Holdings (NYSE:ITC) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2.71 by 7 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 6 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Deutsche Bank downgrades their rating on the shares of ITC Holdings (NYSE:ITC). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on March 15, 2016.
ITC Holdings (NYSE:ITC) should head towards $41 per share according to 4 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $37 per share. The higher price estimate target is at $45 according to the Analysts.
ITC Holdings (NYSE:ITC) rose 0.18% or 0.08 points on Tuesday and made its way into the gainers of the day. After trading began at $45.75 the stock was seen hitting $45.88 as a peak level and $45.45 as the lowest level. The stock ended up at $45.72. The daily volume was measured at 967,647 shares. The 52-week high of the share price is $46 and the 52-week low is $30.33. The company has a market cap of $6,985 million.
Shares of ITC Holdings Corp. rose by 0.68% in the last five trading days and 3.74% for the last 4 weeks. ITC Holdings Corp. is up 7.63% in the last 3-month period. Year-to-Date the stock performance stands at 17.51%.
ITC Holdings Corp. is an independent electricity transmission company in the United States. The Company operates, maintains and invests in transmission infrastructure. The Companys customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. Its regional infrastructure includes four North Central Multi-Value Projects (MVPs) and the Thumb Loop Project. The Companys subsidiaries operations include asset planning; engineering, design and construction; maintenance, and real time operations. The Asset Planning group uses system models and load forecasts to develop its system expansion capital plans. The Engineering, Design and Construction group is engaged in the design, equipment specifications, maintenance plans and project engineering for capital, operation and maintenance work. The Company develops and tracks preventive maintenance plans. Its real time operations include system and local balancing authoring operations.