Pampa Energia (NYSE:PAM) Rating Lowered to Neutral at Bank of America
Bank of America lowered shares of Pampa Energia (NYSE:PAM) from a buy rating to a neutral rating in a research note published on Tuesday morning, 24/7 WallStreet reports. They currently have $33.00 target price on the utilities provider’s stock, down from their previous target price of $52.50.
Other equities analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Pampa Energia from a d+ rating to a c rating in a research report on Wednesday, June 26th. Zacks Investment Research cut shares of Pampa Energia from a hold rating to a strong sell rating in a research report on Thursday, May 9th. Citigroup cut shares of Pampa Energia from a buy rating to a neutral rating in a research report on Monday, July 1st. ValuEngine cut shares of Pampa Energia from a sell rating to a strong sell rating in a research report on Thursday, August 1st. Finally, Morgan Stanley cut shares of Pampa Energia from an overweight rating to an equal weight rating in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $37.00.
PAM stock opened at $17.34 on Tuesday. The firm’s 50-day moving average price is $31.99 and its two-hundred day moving average price is $29.45. Pampa Energia has a 12-month low of $14.32 and a 12-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. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.66.
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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