After several weeks of decline, shares in Consolidated Edison, Inc. are approaching an important technical support area around 85.3 USD on the weekly chart. These levels represent attractive entry points. Investors have an opportunity to buy the stock and target the $ 92.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
The share is getting closer to its long-term support in weekly data, at USD 85.3, which offers good timing for buyers.
Share prices are approaching a strong support area in daily data, which offers good timing for investors.
Considering the small differences between the analysts' various estimates, the group's business visibility is good.
The group usually releases upbeat results with huge surprise rates.
Sales forecast by analysts have been recently revised upwards.
The tendency within the weekly time frame is positive above the technical support level at 85.3 USD
The company is in a hindered financial situation with significant debt and rather low EBITDA levels.
The company's enterprise value to sales, at 3.93 times its current sales, is high.
For the past seven days, analysts have been lowering their EPS expectations for the company.
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