Connecticut Water Service (CTWS) Downgraded by BidaskClub
Connecticut Water Service (NASDAQ:CTWS) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Connecticut Water Service from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Wednesday, August 16th. Barclays boosted their target price on Connecticut Water Service from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Friday, September 22nd.
Shares of Connecticut Water Service (NASDAQ:CTWS) traded down $0.13 during trading hours on Tuesday, hitting $58.80. The stock had a trading volume of 49,063 shares, compared to its average volume of 31,294. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.87. Connecticut Water Service has a 1-year low of $50.75 and a 1-year high of $65.04. The stock has a market cap of $706.72, a PE ratio of 28.43, a P/E/G ratio of 4.42 and a beta of 0.09.
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About Connecticut Water Service
Connecticut Water Service, Inc is a non-operating holding company. The Company’s income is derived from the earnings of its subsidiary companies, including The Connecticut Water Company (Connecticut Water), The Maine Water Company (Maine Water), New England Water Utility Services, Inc (NEWUS),The Avon Water Company (AWC) and Chester Realty Company (Chester Realty).
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