Favorable Media Coverage Somewhat Unlikely to Impact Avangrid (AGR) Stock Price
Media coverage about Avangrid (NYSE:AGR) has been trending positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avangrid earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 44.7650692173591 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research analysts have commented on AGR shares. TheStreet raised Avangrid from a “c” rating to a “b-” rating in a research note on Monday, December 18th. Wells Fargo & Co downgraded Avangrid from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st. Zacks Investment Research downgraded Avangrid from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Bank of America started coverage on Avangrid in a research note on Tuesday, October 24th. They set a “buy” rating and a $52.00 target price for the company. Finally, Goldman Sachs Group assumed coverage on Avangrid in a research note on Wednesday, January 10th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $48.63.
Avangrid (NYSE:AGR) traded up $0.45 during trading on Wednesday, hitting $48.72. The stock had a trading volume of 534,432 shares, compared to its average volume of 499,944. Avangrid has a one year low of $37.69 and a one year high of $53.46. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.69 and a quick ratio of 0.56. The firm has a market capitalization of $14,770.45, a P/E ratio of 22.66, a P/E/G ratio of 2.39 and a beta of 0.56.
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Avangrid Company Profile
Avangrid, Inc is an energy and utility company. The Company operates through three segments: Networks, Renewables and Gas. The Networks segment includes all the energy transmission and distribution activities, and any other regulated activity originating in New York and Maine, and regulated electric distribution, electric transmission and gas distribution activities originating in Connecticut and Massachusetts.
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