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J C Penney Company Inc (JCP) Moves on Morgan Stanley Upgrade

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J C Penney Company Inc (NYSE: JCP ) stock saw some movement on Monday after an upgrade from Morgan Stanley.

Morgan Stanley analysts upgraded J C Penney Company Inc stock from a rating of "Underweight" to a rating of "Equal Weight" on Monday. The company currently has an average rating of "Hold" and a consensus target price of $10.62. JCP has a "Sell" rating from three analysts, a "Hold" rating from 11 and a "Buy" rating from two.

J C Penney Company Inc's has a 50-day moving average price of $7.22 and a 200-day moving average price of $8.88. The stock has a 12-month low of 6.35. Its 12-month high is $11.99.

J C Penney Company Inc has been struggling lately. It last released an earnings report on Nov. 11, 2016. The retail company reported losses per share of 21 cents and revenue of $2.86 billion. Wall Street was looking for losses per share of 20 cents and revenue of $2.95 billion, reports Community Financial News .

J C Penney Company Inc says that it will release its earnings report for the fourth quarter of 2016 and the full year on Feb. 24, 2017 . It will hold a live conference call that same day at 8:30 a.m. Eastern Time.

Wall Street is expecting J C Penney Company Inc to report earnings per share of 62 cents and revenue of $3.98 billion for the fourth quarter of the year. For the full year of 2016, analysts are looking for earnings per share of 4 cents and revenue of $12.57 billion.

JCP stock was up slightly as of noon Monday, but is down 13% year-to-date.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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