Algonquin Power & Utilities (AQN) Downgraded by National Bank Financial to “Sector Perform Overweight”

Algonquin Power & Utilities (TSE:AQN) was downgraded by stock analysts at National Bank Financial from an “outperform overweight” rating to a “sector perform overweight” rating in a research report issued on Thursday.

Shares of Algonquin Power & Utilities stock opened at C$13.63 on Thursday. Algonquin Power & Utilities has a 12 month low of C$12.18 and a 12 month high of C$14.40. The company has a debt-to-equity ratio of 97.97, a current ratio of 1.08 and a quick ratio of 0.60.

Algonquin Power & Utilities (TSE:AQN) last announced its earnings results on Thursday, August 9th. The company reported C$0.14 EPS for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.03. The firm had revenue of C$472.67 million for the quarter, compared to analysts’ expectations of C$430.80 million. On average, equities analysts expect that Algonquin Power & Utilities will post 0.629999997719044 EPS for the current year.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United States. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.

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Analyst Recommendations for Algonquin Power & Utilities (TSE:AQN)

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