TECO Energy Now Covered by Analysts at Ameriprise Financial (TE)
Stock analysts at Ameriprise Financial assumed coverage on shares of TECO Energy (NYSE:TE) in a report issued on Monday, Analyst Ratings Network reports. The firm set a “buy” rating on the stock.
A number of other analysts have also recently weighed in on TE. Analysts at Deutsche Bank raised their price target on shares of TECO Energy from $16.50 to $17.00 in a research note to investors on Wednesday, October 2nd. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of TECO Energy in a research note to investors on Friday, August 2nd. They now have a $19.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $17.81.
TECO Energy (NYSE:TE) traded up 0.12% during mid-day trading on Monday, hitting $16.52. 650,984 shares of the company’s stock traded hands. TECO Energy has a one year low of $16.12 and a one year high of $19.22. The stock has a 50-day moving average of $16.60 and a 200-day moving average of $17.5. The company has a market cap of $3.590 billion and a P/E ratio of 19.53.
TECO Energy (NYSE:TE) last announced its earnings results on Thursday, August 1st. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.26 by $0.02. The company had revenue of $735.90 million for the quarter, compared to the consensus estimate of $726.15 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis.
TECO Energy, Inc (NYSE:TE) is a holding company for regulated utilities and other businesses.
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