Atlantica Yield PLC (ABY) Stock Rating Reaffirmed by Bank of America Corporation

Bank of America Corporation reiterated their buy rating on shares of Atlantica Yield PLC (NASDAQ:ABY) in a research note released on Tuesday. They currently have a $24.00 price objective on the utilities provider’s stock.

A number of other analysts have also recently commented on ABY. BidaskClub upgraded shares of Atlantica Yield PLC from a sell rating to a hold rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded shares of Atlantica Yield PLC from a hold rating to a strong-buy rating and set a $23.00 price objective for the company in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada restated a buy rating and issued a $23.00 price objective on shares of Atlantica Yield PLC in a research report on Monday, September 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $23.33.

Atlantica Yield PLC (ABY) opened at 22.26 on Tuesday. The stock’s 50 day moving average price is $20.47 and its 200-day moving average price is $20.68. Atlantica Yield PLC has a one year low of $16.55 and a one year high of $22.87. The stock has a market cap of $2.23 billion, a P/E ratio of 71.81 and a beta of 1.10.

TRADEMARK VIOLATION NOTICE: “Atlantica Yield PLC (ABY) Stock Rating Reaffirmed by Bank of America Corporation” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The original version of this piece can be read at https://sportsperspectives.com/2017/10/28/atlantica-yield-plc-aby-stock-rating-reaffirmed-by-bank-of-america-corporation.html.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. bought a new stake in shares of Atlantica Yield PLC in the 3rd quarter valued at $717,000. Boussard & Gavaudan Investment Management LLP increased its position in shares of Atlantica Yield PLC by 2.7% in the 3rd quarter. Boussard & Gavaudan Investment Management LLP now owns 310,096 shares of the utilities provider’s stock valued at $6,087,000 after buying an additional 8,105 shares in the last quarter. Ecofin Ltd. increased its position in shares of Atlantica Yield PLC by 6.8% in the 2nd quarter. Ecofin Ltd. now owns 922,044 shares of the utilities provider’s stock valued at $19,695,000 after buying an additional 59,046 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Atlantica Yield PLC in the 2nd quarter valued at $2,367,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Atlantica Yield PLC by 316.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 291,198 shares of the utilities provider’s stock valued at $6,220,000 after buying an additional 221,298 shares in the last quarter. Institutional investors and hedge funds own 50.78% 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).

Receive News & Ratings for Atlantica Yield PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantica Yield PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply