CI Financial (NYSE:CIXXF) Stock Rating Lowered by TD Securities

CI Financial (NYSE:CIXXF) was downgraded by equities research analysts at TD Securities from a “strong-buy” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Keefe, Bruyette & Woods lowered CI Financial from a “moderate buy” rating to a “hold” rating in a research note on Monday.

CI Financial Stock Up 0.3 %

Shares of NYSE CIXXF opened at $22.11 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 3.53. The stock has a market capitalization of $3.19 billion, a PE ratio of -67.00 and a beta of 1.31. The firm has a fifty day moving average of $15.95 and a 200-day moving average of $13.03. CI Financial has a 52-week low of $10.01 and a 52-week high of $22.70.

CI Financial Company Profile

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.