Exelon Corp. Stock Rating Lowered by Citigroup Inc. (EXC)
Exelon Corp. (NYSE:EXC) was downgraded by research analysts at Citigroup Inc. to a “sell” rating in a report released on Friday, American Banking and Market News reports.
A number of other firms have also recently commented on EXC. 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. Separately, analysts at Jefferies Group reiterated a “sell” rating on shares of Exelon Corp. in a research note to investors on Sunday, November 3rd. They now have a $24.50 price target on the stock. Finally, analysts at Credit Suisse reiterated a “hold” rating on shares of Exelon Corp. in a research note to investors on Sunday, November 3rd. They now have a $27.96 price target on the stock. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. Exelon Corp. presently has an average rating of “Hold” and an average price target of $31.26.
Shares of Exelon Corp. (NYSE:EXC) opened at 27.17 on Friday. Exelon Corp. has a 1-year low of $26.64 and a 1-year 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 $23.282 billion and a price-to-earnings ratio of 14.69.
Exelon Corp. (NYSE:EXC) last announced its earnings results on Wednesday, October 30th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $0.77 earnings per share. Exelon Corp.’s revenue was down 9.0% compared to the same quarter last year. Analysts expect that Exelon Corp. will post $2.51 EPS for the current fiscal year.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
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