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.

Several large investors have recently modified their holdings of CTWS. Teachers Advisors LLC grew its holdings in shares of Connecticut Water Service by 2.7% during the 1st quarter. Teachers Advisors LLC now owns 17,513 shares of the utilities provider’s stock worth $931,000 after purchasing an additional 468 shares during the period. Vanguard Group Inc. grew its holdings in shares of Connecticut Water Service by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 679,824 shares of the utilities provider’s stock worth $36,133,000 after purchasing an additional 26,037 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Connecticut Water Service by 5.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 55,559 shares of the utilities provider’s stock worth $2,953,000 after purchasing an additional 2,895 shares during the period. First Trust Advisors LP purchased a new stake in shares of Connecticut Water Service during the 2nd quarter worth about $3,087,000. Finally, Rhumbline Advisers boosted its holdings in Connecticut Water Service by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 13,463 shares of the utilities provider’s stock worth $747,000 after acquiring an additional 305 shares during the period. Institutional investors and hedge funds own 46.05% of the company’s stock.

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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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