Kenon (KEN) Downgraded by ValuEngine to “Buy”

Kenon (NYSE:KEN) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

Kenon (NYSE:KEN) opened at $20.50 on Friday. Kenon has a 12-month low of $9.14 and a 12-month high of $20.72. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.59 and a quick ratio of 1.05.

A hedge fund recently raised its stake in Kenon stock. Vanguard Group Inc. boosted its position in shares of Kenon Holdings Ltd (NYSE:KEN) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 276,246 shares of the utilities provider’s stock after buying an additional 7,125 shares during the period. Vanguard Group Inc. owned 0.51% of Kenon worth $3,735,000 as of its most recent SEC filing. 0.97% of the stock is owned by hedge funds and other institutional investors.

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About Kenon

Kenon Holdings Ltd. is a holding company that operates primarily growth-oriented businesses. The Company’s segments include I.C. Power Asia Development Ltd (IC Power), Qoros Automotive Co, Ltd. (Qoros) and Other. I.C. Power, through its subsidiary companies, is engaged in the production, operation and sale of electricity in countries in Latin America, the Caribbean region and Israel.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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