KeyCorp Stock Rating Lowered by Oppenheimer (KEY)
KeyCorp (NYSE:KEY) was downgraded by research analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
KeyCorp (NYSE:KEY) traded up 0.66% during mid-day trading on Wednesday, hitting $13.63. The stock had a trading volume of 12,565,733 shares. KeyCorp has a 1-year low of $8.78 and a 1-year high of $13.67. The stock’s 50-day moving average is $13.08 and its 200-day moving average is $12.28. The company has a market cap of $12.222 billion and a P/E ratio of 14.54.
A number of other analysts have also recently weighed in on KEY. Analysts at Zacks reiterated a “neutral” rating on shares of KeyCorp in a research note to investors on Tuesday, December 10th. They now have a $13.50 price target on the stock. Separately, analysts at Guggenheim raised their price target on shares of KeyCorp from $15.00 to $16.00 in a research note to investors on Tuesday, December 3rd. They now have a “buy” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods reiterated a “hold” rating on shares of KeyCorp in a research note to investors on Tuesday, November 12th. They now have a $12.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.04.
KeyCorp is a bank holding company. It is a bank-based financial services company. KeyCorp is the parent holding company for KeyBank National Association (NYSE:KEY), its principal subsidiary, through which most of its banking services are provided.
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