Altaba Inc. (AABA) Reaches $76.48 After 9.00% Up Move; Consolidated Edison (ED) Sentiment Is 1.06

March 14, 2018 - By Henry Gaston

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company has market cap of $23.64 billion. The firm offers electric services to approximately 3.4 million clients in New York City and Westchester County; gas to approximately 1.1 million clients in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,649 clients in parts of Manhattan. It has a 15.41 P/E ratio. It also supplies electricity to approximately 0.3 million clients in southeastern New York, and northern New Jersey; and gas to approximately 0.1 million clients in southeastern New York.

The stock of Altaba Inc. (NASDAQ:AABA) is a huge mover today! The stock increased 0.67% or $0.51 during the last trading session, reaching $76.48. About 1.56M shares traded. Altaba Inc. (NASDAQ:AABA) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.The move comes after 7 months positive chart setup for the $66.80 billion company. It was reported on Mar, 14 by We have $83.36 PT which if reached, will make NASDAQ:AABA worth $6.01B more.

Since January 1, 0001, it had 27 buys, and 1 sale for $74,481 activity.

Ratings analysis reveals 33% of Con Edison’s analysts are positive. Out of 3 Wall Street analysts rating Con Edison, 1 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. ED was included in 3 notes of analysts from September 14, 2016. Credit Suisse initiated the stock with “Underperform” rating in Wednesday, January 25 report. On Wednesday, September 14 the stock rating was upgraded by Jefferies to “Buy”. The firm earned “Hold” rating on Monday, October 24 by Deutsche Bank.

Analysts await Consolidated Edison, Inc. (NYSE:ED) to report earnings on May, 3. They expect $1.35 EPS, up 6.30% or $0.08 from last year’s $1.27 per share. ED’s profit will be $419.06M for 14.10 P/E if the $1.35 EPS becomes a reality. After $0.80 actual EPS reported by Consolidated Edison, Inc. for the previous quarter, Wall Street now forecasts 68.75% EPS growth.

Tobam holds 3.63% of its portfolio in Consolidated Edison, Inc. for 1.19 million shares. Welch Group Llc owns 211,796 shares or 2.86% of their US portfolio. Moreover, Alethea Capital Management Llc has 2.02% invested in the company for 21,318 shares. The New Jersey-based Hgk Asset Management Inc has invested 1.81% in the stock. Apriem Advisors, a California-based fund reported 81,980 shares.

The stock increased 0.87% or $0.65 during the last trading session, reaching $76.14. About 613,003 shares traded. Consolidated Edison, Inc. (ED) has risen 11.89% since March 14, 2017 and is uptrending. It has underperformed by 4.81% the S&P500.

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