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American Electric Power (AEP) Gets a Hold from BTIG

Tipranks - Tipranks - Fri May 8, 1:32AM CDT

In a report released yesterday, from BTIG maintained a Hold rating on American Electric Power. The company’s shares closed yesterday at $132.56.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Electric Power with a $141.94 average price target, a 7.08% upside from current levels. In a report released yesterday, Scotiabank also maintained a Hold rating on the stock with a $140.00 price target.

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Based on American Electric Power’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.05 billion and a net profit of $582 million. In comparison, last year the company earned a revenue of $4.7 billion and had a net profit of $664.1 million

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