AusNet Services (OTCMKTS:SAUNF) Raised to Hold at Morgan Stanley

AusNet Services (OTCMKTS:SAUNF) was upgraded by stock analysts at Morgan Stanley to a “hold” rating in a research report issued to clients and investors on Tuesday, TipRanks reports. The firm currently has a $2.41 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 39.31% from the company’s current price.

Shares of OTCMKTS:SAUNF traded up $0.35 during trading on Tuesday, reaching $1.73. 500 shares of the company’s stock traded hands, compared to its average volume of 19,960. AusNet Services has a 12 month low of $1.23 and a 12 month high of $1.73. The company has a 50 day moving average of $1.39 and a 200-day moving average of $1.39.

AusNet Services Company Profile

AusNet Services Ltd. engages in the production and distribution of electricity and gas. It operates through the following segments: Electricity Distribution, Gas Distribution, Electricity Transmission, and Growth and Future Networks. The Electricity Distribution segment carries electricity from the high voltage transmission network to end users.

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