Pampa Energia (NYSE:PAM) Rating Lowered to Neutral at Bank of America
Bank of America cut shares of Pampa Energia (NYSE:PAM) from a buy rating to a neutral rating in a research note published on Tuesday, 24/7 WallStreet reports. They currently have $33.00 target price on the utilities provider’s stock, down from their prior target price of $52.50.
Several other research analysts have also recently weighed in on the stock. Citigroup cut shares of Pampa Energia from a buy rating to a neutral rating in a report on Monday, July 1st. TheStreet raised shares of Pampa Energia from a d+ rating to a c rating in a report on Wednesday, June 26th. ValuEngine cut shares of Pampa Energia from a sell rating to a strong sell rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of Pampa Energia from a hold rating to a strong sell rating in a report on Thursday, May 9th. Finally, Morgan Stanley cut shares of Pampa Energia from an overweight rating to an equal weight rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $37.00.
PAM opened at $17.34 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.66. The firm has a 50 day moving average price of $31.99 and a 200-day moving average price of $29.45. Pampa Energia has a twelve month low of $14.32 and a twelve month high of $39.89. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -11.33 and a beta of 0.60.
Pampa Energia Company Profile
Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.
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