CI Financial (CIFAF) Lowered to Hold at Barclays

CI Financial (OTCMKTS:CIFAF) was downgraded by Barclays from an “overweight” rating to a “hold” rating in a research note issued on Friday, The Fly reports.

CI Financial traded up $0.03, hitting $16.27, on Friday, MarketBeat.com reports. 144 shares of the company’s stock traded hands, compared to its average volume of 5,023. CI Financial has a 1 year low of $16.50 and a 1 year high of $24.60.

CI Financial Company Profile

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.

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