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Enter Symbol:
 
Entergy Corporation (ETR) [hlAlert]

Rating:
Sell ETR
down 45.32 %

Entergy Corporation (ETR) downgraded to Sell by Citigroup

Posted on: Friday,  Jan 3, 2014  8:25 AM ET by Citigroup

Citigroup rated Sell Entergy Corporation (NYSE: ETR) on 01/03/2014. Previously Citigroup rated Buy Entergy Corporation (NYSE: ETR) on 01/23/2008., when
the stock price was $111.67. Since then, Entergy Corporation has lost 45.33% as of 01/03/2014's recent price of $61.05.
If you would have followed the previous Citigroup's recommendation on ETR, you would have lost 45.32% of your investment in 2172 days.

Entergy Corporation (Entergy) is an integrated energy company engaged primarily in electric power production and retail electric distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity and Entergy is a nuclear power generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. The Company operates through two business segments: Utility and Non-Utility Nuclear. Entergy also operates the non-nuclear wholesale assets business. The non-nuclear wholesale assets business sells to wholesale customers the electric power produced by power plants that it owns. In March 2008, Entergy Gulf States Louisiana, L.L.C. acquired the Calcasieu Generating Facility. In September 2008, Entergy Arkansas Inc. acquired the Ouachita Plant.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/3/2014 8:25 AM Sell
None
61.05
as of 10/17/2014
1 Week down  -1.92 %
1 Month down  -3.67 %
3 Months down  -4.01 %
1 YTD down  -33.44 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/23/2008 8:25 AM Buy
None
111.67

(*) Stock Price at the time of the recommendation.
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