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Connecticut Water Service (NASDAQ:CTWS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Thursday. The firm currently has a $38.50 price objective on the stock. Zacks‘s target price points to a potential upside of 19.05% from the stock’s previous close.

Shares of Connecticut Water Service (NASDAQ:CTWS) traded up 0.65% on Thursday, hitting $32.55. 8,433 shares of the company’s stock traded hands. Connecticut Water Service has a 1-year low of $30.05 and a 1-year high of $36.45. The stock’s 50-day moving average is $32.57 and its 200-day moving average is $32.85. The company has a market cap of $361.3 million and a price-to-earnings ratio of 16.42.

Connecticut Water Service (NASDAQ:CTWS) last released its earnings data on Monday, August 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.12. The company had revenue of $27.30 million for the quarter, compared to the consensus estimate of $27.62 million. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts expect that Connecticut Water Service will post $1.80 EPS for the current fiscal year.

Connecticut Water Service, Inc is a non-operating holding company. The Company operates in three segments: Water Activities, Real Estate Transactions and Services and Rentals.

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