Inergy, Portugal Telecom and Capital City Sink to 52-Week Lows Jan. 30th
Inergy L.P. (NYSE:NRGY): As previously reported, BofA/Merrill upgraded Inergy L.P to Buy from Neutral. The firm upgraded shares citing valuation. Price target lowered to $22 from $24. The shares closed at $17.92, up $0.59 or 3.4% on the day. They have traded in a 52-week range of $17.02 to $42.75.
Portugal Telecom Sgp (NYSE:PT): On Friday, Portugal Telecom downgraded to Market Perform from Outperform at Bernstein. The shares closed at $5.12, down $0.17 or 3.21% on the day. They have traded in a 52-week range of $5.19 to $12.69.
Capital City Bank (NASDAQ:CCBG): The provision for loan losses for Q4 was $7.6M compared to $3.7M in Q3 and $3.8M for 4Q10. Net charge-offs for Q4 totaled $6.2M, or 1.50% of average loans, compared to $5.1M, or 1.22%, in Q3, and $6.1M, or 1.35%, in 4Q10. The shares closed at $8.83, down $0.18 or 2% on the day. They have traded in a 52-week range of $8.84 to $13.52.
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