Pampa Energia SA (PAM) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Pampa Energia SA (NYSE:PAM) from a hold rating to a buy rating in a research report report published on Wednesday. Zacks Investment Research currently has $41.00 price objective on the stock.
According to Zacks, “Pampa Energía S.A. is the largest fully integrated electricity company in Argentina. Through its subsidiaries, the Company is engaged in the generation, transmission and distribution of electricity in Argentina. “
Pampa Energia SA (NYSE:PAM) traded down 0.22% during midday trading on Wednesday, reaching $36.61. The company had a trading volume of 288,186 shares. Pampa Energia SA has a one year low of $17.52 and a one year high of $37.11. The stock’s 50 day moving average price is $33.59 and its 200-day moving average price is $28.46. The firm has a market capitalization of $2.48 billion, a P/E ratio of 34.87 and a beta of 1.42.
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About Pampa Energia SA
Pampa Energia SA is an Argentina-based integrated electricity company. The Company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity in Argentina. Its generation business has an aggregate installed capacity of 2,217 megawatt (MW). Its transmission business co-controls Transener, which operates the high voltage electricity transmission system in Argentina, covering around 11.7 thousand kilometers of lines, as well as 6.1 thousand kilometers of high tension lines from its subsidiary Transba.
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