Atlantica Yield (NASDAQ:AY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Atlantica Yield Plc owns, manages and acquires a diversified portfolio of contracted assets in the power and environment sectors. It operates primarily in North America, South America and Europe. Atlantica Yield Plc, formerly known as Abengoa Yield plc, is based in Brentford, the United Kingdom. “
Several other research firms have also issued reports on AY. Royal Bank of Canada boosted their target price on shares of Atlantica Yield from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, November 13th. BidaskClub upgraded shares of Atlantica Yield from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 31st. Finally, Guggenheim set a $27.00 price objective on shares of Atlantica Yield and gave the company a “buy” rating in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $24.60.
Atlantica Yield (AY) traded down $0.11 during mid-day trading on Tuesday, reaching $19.61. 310,767 shares of the company traded hands, compared to its average volume of 429,201. The firm has a market capitalization of $1,961.25, a price-to-earnings ratio of -17.51, a price-to-earnings-growth ratio of 0.94 and a beta of 1.05. The company has a current ratio of 2.28, a quick ratio of 2.25 and a debt-to-equity ratio of 3.06. Atlantica Yield has a 1-year low of $18.00 and a 1-year high of $25.99.
Several large investors have recently bought and sold shares of AY. Dimensional Fund Advisors LP grew its position in Atlantica Yield by 112.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 321,543 shares of the utilities provider’s stock worth $6,868,000 after purchasing an additional 170,273 shares in the last quarter. Stevens Capital Management LP bought a new stake in Atlantica Yield in the 3rd quarter worth about $214,000. Quantbot Technologies LP grew its position in Atlantica Yield by 532.0% in the 3rd quarter. Quantbot Technologies LP now owns 6,914 shares of the utilities provider’s stock worth $136,000 after purchasing an additional 5,820 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Atlantica Yield during the 3rd quarter valued at approximately $3,978,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Atlantica Yield during the 3rd quarter valued at approximately $413,000. 54.05% of the stock is owned by institutional investors.
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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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