Credit Suisse Downgrades Brookfield Infrastructure Partners L.P. to Neutral

Brokerage firm Credit Suisse Downgrades its rating on Brookfield Infrastructure Partners L.P.(BIP). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by the stock financial advisor at Credit Suisse was issued on Feb 13, 2017 in a research report to their Investors and Clients.

Brookfield Infrastructure Partners L.P. (BIP) shares turned negative on Wednesdays trading session with the shares closing down -0.3 points or -0.81% at a volume of 3,50,074. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $36.91. The peak price level was also seen at $36.91 while the days lowest was $36.5. Finally the shares closed at $36.75. The 52-week high of the shares is $37.38 while the 52-week low is $23.54. According to the latest information available, the market cap of the company is $9,528 M.

Brookfield Infrastructure Partners L.P.(BIP) last announced its earnings results on Feb 1, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $677.000M. Analysts had an estimated revenue of $647.210M. Earnings per share were $0.4. Analysts had estimated an EPS of $0.29.

Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure) owns and operates utilities transport and energy businesses in North and South America Australasia and Europe. Brookfield Infrastructure has appointed Brookfield as its Service Provider to provide certain management administrative and advisory services for a fee under the Master Services Agreement. Brookfield owns an approximate 28.5% interest in Brookfield Infrastructure. The Company operates in three segments: Utilities which include Regulated or contractual businesses that earn a return on their rate base; Transport which provides transportation for freight bulk commodities and passengers for which it is paid an access fee and Energy which includes systems that provide transmission distribution and storage services.

Add Comment