Brokerage Firm Rating Update on Entergy Corporation (ETR)

Entergy Corporation (ETR) : Zacks Investment Research ranks Entergy Corporation (ETR) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 3, which indicates as a Hold.

Entergy Corporation (ETR) : The highest level Entergy Corporation (ETR) is projected to reach is $88 for the short term and the lowest estimate is at $59. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $80.79 and the possibility the share price can swing is $9.9.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Guggenheim Securities upgrades its outlook on Entergy Corporation (NYSE:ETR). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on August 22, 2016.

Entergy Corporation (NYSE:ETR): The stock opened at $79.37 and touched an intraday high of $80.32 on Wednesday. During the day, the stock corrected to an intraday low of $78.93, however, the bulls stepped in and pushed the price higher to close in the green at $80.27 with a gain of 0.88% for the day. The total traded volume for the day was 1,287,409. The stock had closed at $79.57 in the previous trading session.

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company owns and operates power plants with approximately 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 megawatts of nuclear-fueled capacity. It operates in two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business. The Entergy Wholesale Commodities business segment includes the ownership, operation and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.

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