FirstEnergy Corp. Rating Lowered to Sell at Citigroup Inc. (FE)
FirstEnergy Corp. (NYSE:FE) was downgraded by equities research analysts at Citigroup Inc. to a “sell” rating in a research note issued to investors on Friday, AnalystRatings.Net reports.
FirstEnergy Corp. (NYSE:FE) opened at 32.38 on Friday. FirstEnergy Corp. has a 52-week low of $31.29 and a 52-week high of $46.77. The stock has a 50-day moving average of $32.85 and a 200-day moving average of $36.41. The company has a market cap of $13.542 billion and a price-to-earnings ratio of 135.16.
FirstEnergy Corp. (NYSE:FE) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.94 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.92 by $0.02. During the same quarter last year, the company posted $1.11 earnings per share.
FE has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. upgraded shares of FirstEnergy Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, December 27th. Separately, analysts at Tudor Pickering downgraded shares of FirstEnergy Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, December 13th. Finally, analysts at UBS AG cut their price target on shares of FirstEnergy Corp. from $36.00 to $31.00 in a research note to investors on Thursday, December 12th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.29.
FirstEnergy Corp. (NYSE:FE) is engaged in the holding, directly or indirectly, of its subsidiaries: Ohio Edison Company (OE), The Cleveland Electric Illuminating Company (CEI), The Toledo Edison Company (TE), Pennsylvania Power Company (Penn) (a wholly owned subsidiary of OE), American Transmission Systems, Incorporated (ATSI), Jersey Central Power & Light Company (JCP&L), Metropolitan Edison Company (Met-Ed), Pennsylvania Electric Company (Penelec).
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