Atlantica Yield (NASDAQ:AY) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday.
A number of other research firms also recently commented on AY. Royal Bank of Canada boosted their price objective on shares of Atlantica Yield from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. Guggenheim set a $27.00 price objective on shares of Atlantica Yield and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Zacks Investment Research downgraded shares of Atlantica Yield from a “hold” rating to a “sell” rating in a report on Monday, December 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.60.
Shares of Atlantica Yield (NASDAQ AY) opened at $20.01 on Friday. The firm has a market cap of $1,974.28, a PE ratio of 74.11, a PEG ratio of 0.95 and a beta of 1.03. The company has a quick ratio of 2.20, a current ratio of 2.23 and a debt-to-equity ratio of 2.90. Atlantica Yield has a fifty-two week low of $19.30 and a fifty-two week high of $25.99.
Hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its position in Atlantica Yield by 73.2% during the third quarter. Legal & General Group Plc now owns 8,994 shares of the utilities provider’s stock worth $177,000 after acquiring an additional 3,800 shares during the last quarter. Quantbot Technologies LP raised its position in Atlantica Yield by 532.0% during the third quarter. Quantbot Technologies LP now owns 6,914 shares of the utilities provider’s stock worth $136,000 after acquiring an additional 5,820 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its position in Atlantica Yield by 50.3% during the third quarter. Campbell & CO Investment Adviser LLC now owns 23,025 shares of the utilities provider’s stock worth $454,000 after acquiring an additional 7,703 shares during the last quarter. Bronfman E.L. Rothschild L.P. acquired a new position in Atlantica Yield during the fourth quarter worth about $166,000. Finally, Fox Run Management L.L.C. acquired a new position in Atlantica Yield during the fourth quarter worth about $204,000. 51.93% of the stock is currently owned by hedge funds and other institutional investors.
Atlantica Yield Company Profile
Atlantica Yield plc, formerly Abengoa Yield plc, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa).
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