Brokerage Firm Rating Update on ITC Holdings (ITC)

ITC Holdings (ITC) : 1 brokerage houses believe that ITC Holdings (ITC) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on ITC Holdings (ITC). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 2.71.

ITC Holdings (ITC) : The most positive equity analysts on ITC Holdings (ITC) expects the shares to touch $47, whereas, the least positive believes that the stock will trade at $37 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $43.67 with an expected fluctuation of $5.77 from the mean.


Company shares have received an average consensus rating of Hold for the current week

ITC Holdings (NYSE:ITC): The stock opened at $46.28 and touched an intraday high of $46.45 on Wednesday. During the day, the stock corrected to an intraday low of $46.01, however, the bulls stepped in and pushed the price higher to close in the green at $46.45 with a gain of 0.50% for the day. The total traded volume for the day was 438,643. The stock had closed at $46.22 in the previous trading session.

ITC Holdings Corp. is an independent electricity transmission company in the United States. The Company operates, maintains and invests in transmission infrastructure. The Companys customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. Its regional infrastructure includes four North Central Multi-Value Projects (MVPs) and the Thumb Loop Project. The Companys subsidiaries operations include asset planning; engineering, design and construction; maintenance, and real time operations. The Asset Planning group uses system models and load forecasts to develop its system expansion capital plans. The Engineering, Design and Construction group is engaged in the design, equipment specifications, maintenance plans and project engineering for capital, operation and maintenance work. The Company develops and tracks preventive maintenance plans. Its real time operations include system and local balancing authoring operations.

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