Wells Fargo & Co. started coverage on shares of TC Pipelines, LP (NYSE:TCP) in a research note released on Monday morning, TheFlyOnTheWall.com reports. The firm issued a market perform rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a neutral rating on shares of TC Pipelines, LP in a research note to investors on Friday. They now have a $51.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of TC Pipelines, LP from a hold rating to a buy rating in a research note to investors on Wednesday, October 30th. Finally, analysts at TheStreet upgraded shares of TC Pipelines, LP from a hold rating to a buy rating in a research note to investors on Tuesday, October 22nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $49.83.
TC Pipelines, LP (NYSE:TCP) traded up 1.10% during mid-day trading on Monday, hitting $48.79. The stock had a trading volume of 44,906 shares. TC Pipelines, LP has a one year low of $38.74 and a one year high of $52.61. The stock has a 50-day moving average of $48.99 and a 200-day moving average of $48.20. The company has a market cap of $3.041 billion and a price-to-earnings ratio of 26.84.
TC Pipelines, LP (NYSE:TCP) last announced its earnings results on Friday, October 25th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.10.
TC PipeLines, LP (NYSE:TCP) acquires, owns and participates in the management of energy infrastructure businesses in North America.
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