Algonquin Power & Utilities (TSE:AQN) was downgraded by investment analysts at National Bank Financial from an “outperform overweight” rating to a “sector perform overweight” rating in a research note issued to investors on Thursday.
Shares of AQN stock traded down C$0.18 during trading on Thursday, hitting C$13.63. The company had a trading volume of 1,380,300 shares, compared to its average volume of 1,074,513. The company has a current ratio of 1.08, a quick ratio of 0.60 and a debt-to-equity ratio of 97.97. Algonquin Power & Utilities has a one year low of C$12.18 and a one year high of C$14.40.
Algonquin Power & Utilities (TSE:AQN) last released its earnings results on Thursday, August 9th. The company reported C$0.14 earnings per share for the quarter, topping the consensus estimate of C$0.11 by C$0.03. The business had revenue of C$472.67 million for the quarter, compared to the consensus estimate of C$430.80 million. On average, equities research analysts expect that Algonquin Power & Utilities will post 0.629999997719044 earnings per share 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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