Headlines about Consolidated Edison (NYSE:ED) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Consolidated Edison earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.3018583675425 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s scoring:
- Most Shocking Stock Movements: Consolidated Edison, Inc. (ED), Kansas City Southern (KSU) – Market Movers (financialqz.com)
- Consolidated Edison, Inc. (ED) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- AVANGRID Unit Brings Wind Farms Online, Lowers Emission (zacks.com)
- JPMorgan Chase & Co. Begins Coverage on Consolidated Edison (ED) (americanbankingnews.com)
- Kwame Agyeman-Budu appointed Deputy MD of ECG (mobile.ghanaweb.com)
Consolidated Edison (NYSE ED) traded up $0.25 during trading hours on Wednesday, reaching $79.27. 1,948,937 shares of the company’s stock were exchanged, compared to its average volume of 1,914,773. The firm has a market cap of $24,580.00, a P/E ratio of 19.87, a PEG ratio of 9.32 and a beta of 0.10. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.79 and a quick ratio of 0.70. Consolidated Edison has a twelve month low of $72.13 and a twelve month high of $89.70.
A number of research analysts have recently commented on ED shares. Zacks Investment Research cut shares of Consolidated Edison from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. KeyCorp reiterated a “hold” rating on shares of Consolidated Edison in a report on Friday, October 20th. Bank of America started coverage on shares of Consolidated Edison in a report on Tuesday, October 24th. They issued a “buy” rating and a $92.00 price objective for the company. ValuEngine upgraded shares of Consolidated Edison from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Finally, JPMorgan Chase & Co. started coverage on shares of Consolidated Edison in a report on Friday, January 12th. They issued an “underweight” rating and a $78.00 price objective for the company. Six analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Consolidated Edison presently has an average rating of “Hold” and a consensus price target of $80.71.
Consolidated Edison Company Profile
Consolidated Edison, Inc (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc (CECONY), Orange and Rockland Utilities, Inc (O&R), Con Edison Clean Energy Businesses, Inc (the Clean Energy Businesses) and Con Edison Transmission, Inc (Con Edison Transmission).
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