Brookfield Infrastructure Partners (TSE:BIP.UN) Given “Buy” Rating at Wells Fargo & Company

Brookfield Infrastructure Partners (TSE:BIP.UN – Get Rating) (NYSE:BIP)‘s stock had its “buy” rating restated by Wells Fargo & Company in a report issued on Thursday, Stock Target Advisor reports. They presently have a C$53.00 price target on the stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 0.04% from the company’s previous close.

Brookfield Infrastructure Partners Stock Performance

TSE:BIP.UN opened at C$53.02 on Thursday. The stock has a 50-day simple moving average of C$55.21 and a two-hundred day simple moving average of C$70.43. Brookfield Infrastructure Partners has a 52-week low of C$46.71 and a 52-week high of C$85.62. The company has a debt-to-equity ratio of 128.21, a quick ratio of 0.56 and a current ratio of 0.61. The firm has a market capitalization of C$24.29 billion and a PE ratio of 42.42.

Brookfield Infrastructure Partners Company Profile

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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.