J.C. Penney Company (NYSE:JCP) has earned a consensus rating of “Hold” from the twenty-four brokerages that are covering the company, Stock Ratings Network reports. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $9.15. J.C. Penney Company, Inc. (NYSE:JCP) net profit margin is -11.70% and weekly performance is 6.09%. On last trading day company shares ended up $8.88. Analysts mean target price for the company is $8.75. J.C. Penney Company, Inc. (NYSE:JCP) distance from 50-day simple moving average (SMA50) is 3.94%.
Brazilian state-run energy giant, Petroleo Brasileiro SA or Petrobras SA (ADR) (NYSE:PBR) reported the completion of formation test on well 1-SPS-98. The well is located offshore São Paulo, at water depth of roughly 1,871 meters. The test result revealed the existence of good quality oil (32º API) in the Santos Basin, confirming the company’s discovery declared in Feb 2013. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares fell -0.47% in last trading session and ended the day on $14.91. Gross Margin is 23.90% and its return on assets is 3.60%. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) quarterly performance is 34.81%.
AT&T Inc. (NYSE:T) said Monday it will buy DirecTV for $48.5 billion to gain more than 38 million video subscribers. AT&T will pay $95 in cash and stock for each share of DirecTV. With the transaction, AT&T said its high-speed broadband network will cover 70 million customer locations. And speaking of millions, GoPro filed to raise $100 million in an IPO early this week. The Silicon Valley-based company makes cameras used to capture sports action from players’ perspectives. Finally, JPMorgan Chase revealed Tuesday its plan to invest $100 million over five years into bankrupt Detroit. The funds will go to home mortgage loans, job training and blight removal. AT&T Inc. (NYSE:T) shares moved up 0.31% in last trading session and was closed at $35.38, while trading in range of $35.25 – $35.50. AT&T Inc. (NYSE:T) year to date (YTD) performance is 3.30%.
Pfizer Inc. (NYSE:PFE) has until Monday to hash out a blockbuster tie-up agreement with British rival AstraZeneca PLC, but the prospective deal’s chances grow slimmer by the day as the target company keeps up stiff opposition even as some of its biggest investors lobby for negotiations. Pfizer Inc. (NYSE:PFE) ended the last trading day at $29.66. Company weekly volatility is calculated as 1.63% and price to cash ratio as 5.83. Pfizer Inc. (NYSE:PFE) showed a positive weekly performance of 2.06%.
Weyerhaeuser Company (NYSE:WY) announced its intention to distribute via a split-off transaction all of the issued and outstanding shares of Weyerhaeuser Real Estate Company (WRECO), an indirect wholly owned subsidiary of Weyerhaeuser. The split-off is in connection with the previously announced “Reverse Morris Trust” transaction, pursuant to which a wholly owned subsidiary of TRI Pointe Homes, Inc. (TPH) will merge with and into WRECO, with WRECO surviving the merger and becoming a wholly owned subsidiary of TRI Pointe. Weyerhaeuser Company (NYSE:WY) net profit margin is 6.80% and weekly performance is 0.93%. On last trading day company shares ended up $30.35. Analysts mean target price for the company is $33.25. Weyerhaeuser Company (NYSE:WY) distance from 50-day simple moving average (SMA50) is 3.88%.
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