Algonquin Power & Utilities (TSE:AQN) Rating Downgraded to Hold at Wells Fargo & Company

Algonquin Power & Utilities (TSE:AQN – Get Free Report) was downgraded by investment analysts at Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks.com reports.

Several other research analysts have also commented on AQN. Desjardins dropped their target price on shares of Algonquin Power & Utilities from $5.75 to $5.50 and set a “hold” rating on the stock in a research note on Tuesday, April 30th. National Bank Financial raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Raymond James cut Algonquin Power & Utilities from a “moderate-buy” rating to a “hold” rating in a research report on Monday. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Algonquin Power & Utilities has an average rating of “Hold” and a consensus price target of $7.08, according to MarketBeat.com .

Read our latest report on AQN

Algonquin Power & Utilities trading down 1.0%

TSE:AQN opened at $7.00 on Monday. The company has a market cap of $4.83 billion, a P/E ratio of -10.45, a P/E/G ratio of 1.07 and a beta of 0.47. The stock’s 50-day moving average price is $8.21 and its 200-day moving average price is $8.31. The company has a debt-to-equity ratio of 141.91, a quick ratio of 0.37, and a current ratio of 0.98. Algonquin Power & Utilities has a 52-week low of $6.75 and a 52-week high of $10.42.

About Algonquin Power & Utilities

(Get a free report)

Algonquin Power & Utilities Corp. operates in the energy and utilities industries in the United States, Canada and other regions. The company operates in two segments, the Regulated Services Group and the Renewable Energy Group. The Company primarily owns and operates a regulated electric power distribution, water distribution and wastewater collection system, as well as natural gas utility systems and transmission operations.

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