Exelon Corp. Lowered to “Underperform” at Merrill Lynch (EXC)
Exelon Corp. (NYSE:EXC) was downgraded by equities research analysts at Merrill Lynch to an “underperform” rating in a research note issued to investors on Friday, AnalystRatingsNetwork reports.
Shares of Exelon Corp. (NYSE:EXC) traded down 2.02% on Friday, hitting $26.62. The stock had a trading volume of 10,155,853 shares. Exelon Corp. has a 52-week low of $26.64 and a 52-week high of $37.80. The stock’s 50-day moving average is $27.56 and its 200-day moving average is $29.52. The company has a market cap of $22.811 billion and a price-to-earnings ratio of 14.58.
Exelon Corp. (NYSE:EXC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.12. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was down 9.0% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. downgraded shares of Exelon Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. Separately, analysts at Citigroup Inc. downgraded shares of Exelon Corp. from a “neutral” rating to a “sell” rating in a research note to investors on Friday. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Exelon Corp. in a research note to investors on Wednesday, December 11th. They now have a $30.00 price target on the stock, down previously from $31.00. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. Exelon Corp. currently has a consensus rating of “Hold” and a consensus price target of $31.26.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
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