TECO Energy Upgraded to Buy by TheStreet (TE)
TECO Energy (NYSE:TE) was upgraded by research analysts at TheStreet from a “hold” rating to a “buy” rating in a report released on Friday, Analyst Ratings Network reports.
The analysts wrote, “TECO Energy (TE) has been upgraded by TheStreet Ratings from hold to buy. Among the primary strengths of the company is its generally strong cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”
TECO Energy (NYSE:TE) traded down 2.35% during mid-day trading on Friday, hitting $17.90. The stock had a trading volume of 2,774,629 shares. TECO Energy has a 52 week low of $16.12 and a 52 week high of $19.22. The stock has a 50-day moving average of $16.97 and a 200-day moving average of $16.95. The company has a market cap of $3.903 billion and a P/E ratio of 19.99.
TECO Energy (NYSE:TE) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.21 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.21. The company had revenue of $688.40 million for the quarter, compared to the consensus estimate of $685.70 million. On average, analysts predict that TECO Energy will post $1.02 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TE. Analysts at Zacks reiterated a “neutral” rating on shares of TECO Energy in a research note on Tuesday, February 4th. They now have a $17.00 price target on the stock. Separately, analysts at Wolfe Research downgraded shares of TECO Energy from a “market perform” rating to an “underperform” rating in a research note on Friday, January 31st. Finally, analysts at BMO Capital Markets cut their price target on shares of TECO Energy from $18.00 to $17.00 in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $17.67.
TECO Energy, Inc (NYSE:TE) is a holding company for regulated utilities and other businesses.
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