Deutsche Bank Reiterates Hold Rating for TECO Energy (TE)
TECO Energy (NYSE:TE)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Wednesday, Analyst Ratings Network reports. They currently have a $19.00 price objective on the stock. Deutsche Bank’s target price would indicate a potential upside of 3.37% from the company’s current price.
Shares of TECO Energy (NYSE:TE) traded up 1.32% during mid-day trading on Wednesday, hitting $18.38. 1,933,668 shares of the company’s stock traded hands. TECO Energy has a 52-week low of $16.12 and a 52-week high of $19.22. The stock’s 50-day moving average is $17. and its 200-day moving average is $17.01. The company has a market cap of $4.008 billion and a P/E ratio of 19.78.
TECO Energy (NYSE:TE) last announced its earnings results on Thursday, January 30th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the 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 analysts have also recently weighed in on TE. Analysts at Zacks reiterated a “neutral” rating on shares of TECO Energy in a research note on Wednesday. They now have a $19.00 price target on the stock. Separately, analysts at UBS AG upgraded shares of TECO Energy from a “sell” rating to a “neutral” rating in a research note on Wednesday. They now have a $17.00 price target on the stock, up previously from $15.00. Finally, analysts at TheStreet upgraded shares of TECO Energy from a “hold” rating to a “buy” rating in a research note on Friday, April 18th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.33.
TECO Energy, Inc (NYSE:TE) is a holding company for regulated utilities and other businesses.
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