Avangrid, Inc. (NYSE:AGR) was upgraded by Macquarie from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Avangrid (NYSE:AGR) opened at 37.65 on Thursday. Avangrid has a 12-month low of $32.45 and a 12-month high of $39.05. The firm’s 50-day moving average is $37.11 and its 200-day moving average is $37.11. The stock’s market capitalization is $9.50 billion.

An institutional investor recently bought a new position in Avangrid stock. Commonwealth Equity Services bought a new position in shares of Avangrid, Inc. (NYSE:AGR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,700 shares of the company’s stock, valued at approximately $948,000.

Several other brokerages also recently weighed in on AGR. Janney Montgomery Scott upgraded Avangrid from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Monday, December 21st. Wells Fargo assumed coverage on Avangrid in a report on Wednesday, December 30th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. assumed coverage on Avangrid in a report on Tuesday, December 22nd. They set a “neutral” rating and a $36.00 target price for the company.

12 Month Chart for NYSE:AGR

The Fly

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