Brookfield Infrastructure Partners (TSE:BIP.UN) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$44.84 and traded as high as C$49.34. Brookfield Infrastructure Partners shares last traded at C$48.62, with a volume of 413,745 shares.

Analyst Upgrades and Downgrades

Separately, National Bankshares increased their price objective on Brookfield Infrastructure Partners from C$31.00 to C$34.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd.

Brookfield Infrastructure Partners Price Performance

The firm’s 50 day moving average price is C$44.84 and its two-hundred day moving average price is C$41.49. The company has a debt-to-equity ratio of 180.01, a current ratio of 0.81 and a quick ratio of 0.45. The stock has a market cap of C$22.45 billion, a PE ratio of -270.11, a P/E/G ratio of -2.12 and a beta of 1.05.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.