Atlantica Yield PLC (NASDAQ:ABY) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
ABY has been the topic of a number of other research reports. ValuEngine upgraded shares of Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Atlantica Yield PLC from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, TheStreet upgraded shares of Atlantica Yield PLC from a “d” rating to a “c-” rating in a report on Monday, June 12th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $22.80.
Shares of Atlantica Yield PLC (ABY) opened at 21.43 on Wednesday. The stock has a 50 day moving average price of $21.02 and a 200 day moving average price of $20.86. Atlantica Yield PLC has a 1-year low of $16.55 and a 1-year high of $22.87. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 69.13 and a beta of 1.12.
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Institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new position in shares of Atlantica Yield PLC during the first quarter worth $107,000. SG Americas Securities LLC bought a new position in shares of Atlantica Yield PLC during the first quarter worth $119,000. Bronfman E.L. Rothschild L.P. bought a new position in shares of Atlantica Yield PLC during the second quarter worth $139,000. Sei Investments Co. raised its position in shares of Atlantica Yield PLC by 885.9% in the second quarter. Sei Investments Co. now owns 8,114 shares of the utilities provider’s stock worth $173,000 after buying an additional 7,291 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Atlantica Yield PLC during the first quarter worth $217,000. Institutional investors own 51.73% of the company’s stock.
About Atlantica Yield PLC
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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