National Bank Financial Downgrades Algonquin Power & Utilities (AQN) to Sector Perform Overweight

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

TSE AQN traded down C$0.18 during trading on Thursday, reaching C$13.63. 1,380,300 shares of the company’s stock were exchanged, compared to its average volume of 1,074,513. 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 has a fifty-two week low of C$12.18 and a fifty-two week high of C$14.40.

Algonquin Power & Utilities (TSE:AQN) last announced its quarterly earnings results on Thursday, August 9th. The company reported C$0.14 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.03. The business had revenue of C$472.67 million for the quarter, compared to analyst estimates of C$430.80 million. As a group, equities research analysts expect that Algonquin Power & Utilities will post 0.629999997719044 EPS for the current fiscal year.

About Algonquin Power & Utilities

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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