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Consolidated Water Co. (NASDAQ:CWCO) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday. The firm currently has a $12.60 target price on the stock. Zacks‘s target price would suggest a potential upside of 8.06% from the company’s current price.

Consolidated Water Co. (NASDAQ:CWCO) traded up 2.31% on Monday, hitting $11.9298. 94,674 shares of the company’s stock traded hands. Consolidated Water Co. has a one year low of $9.97 and a one year high of $16.87. The stock has a 50-day moving average of $10.88 and a 200-day moving average of $11.71. The company has a market cap of $175.3 million and a P/E ratio of 32.30.

Consolidated Water Co. (NASDAQ:CWCO) last released its earnings data on Monday, August 11th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.12. On average, analysts predict that Consolidated Water Co. will post $0.40 earnings per share for the current fiscal year.

Separately, analysts at Brean Capital upgraded shares of Consolidated Water Co. from a “hold” rating to a “buy” rating in a research note on Monday, June 2nd. They now have a $13.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Consolidated Water Co. currently has an average rating of “Buy” and an average target price of $12.53.

Consolidated Water Co Ltd. develops and operates seawater desalination plants and water distribution systems.

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