Today, Pampa Energia SA (PAM) Stock Rating Upgrade by The Zacks Investment Research

Today, Pampa Energia SA (PAM) Stock Rating Upgrade by The Zacks Investment Research
Pampa Energia SA (NYSE:PAM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm presently has a $41.00 price objective on the stock. Zacks Investment Research’s price target suggests a potential upside of 11.99% from the stock’s previous close.

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) opened at 36.61 on Wednesday. The company has a market cap of $2.48 billion, a P/E ratio of 34.87 and a beta of 1.42. Pampa Energia SA has a 52 week low of $17.52 and a 52 week high of $37.11. The company has a 50-day moving average of $33.59 and a 200-day moving average of $28.46.

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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