Algonquin Power & Utilities (TSE:AQN – Get Free Report) was downgraded by analysts at Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday, Zacks.com reports.
A number of other equities research analysts have also recently weighed in on the company. Desjardins lowered their price target on Algonquin Power & Utilities from C$5.75 to C$5.50 and set a “hold” rating on the stock in a report on Tuesday, April 30th. Raymond James cut Algonquin Power & Utilities from a “moderate buy” rating to a “hold” rating in a report on Monday. Finally, National Bank Financial upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Algonquin Power & Utilities has a consensus rating of “Hold” and a consensus target price of C$7.08.
View Our Latest Analysis on Algonquin Power & Utilities
Algonquin Power & Utilities Stock Performance
AQN opened at C$7.00 on Monday. The stock has a market cap of C$4.83 billion, a P/E ratio of -10.45, a P/E/G ratio of 1.07 and a beta of 0.47. The company has a debt-to-equity ratio of 141.91, a current ratio of 0.98 and a quick ratio of 0.37. The stock’s 50 day simple moving average is C$8.21 and its 200 day simple moving average is C$8.31. Algonquin Power & Utilities has a 1-year low of C$6.75 and a 1-year high of C$10.42.
About Algonquin Power & Utilities
Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.
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Source: defenseworld.net
