KeyCorp Now Covered by Analysts at Janney Montgomery Scott (KEY)
Research analysts at Janney Montgomery Scott began coverage on shares of KeyCorp (NYSE:KEY) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
A number of other firms have also recently commented on KEY. Analysts at Oppenheimer downgraded shares of KeyCorp from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, January 8th. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $12.04.
KeyCorp (NYSE:KEY) traded up 0.74% on Tuesday, hitting $13.57. 11,503,944 shares of the company’s stock traded hands. KeyCorp has a one year low of $8.95 and a one year high of $13.84. The stock’s 50-day moving average is $13.20 and its 200-day moving average is $12.3. The company has a market cap of $12.168 billion and a P/E ratio of 14.47.
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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