Brookfield Infrastructure Partners (TSE:BIP.UN) Stock Passes Above 50-Day Moving Average of $46.25

Shares of Brookfield Infrastructure Partners L.P. (TSE:BIP.UNGet Rating) (NYSE:BIP) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$46.25 and traded as high as C$47.39. Brookfield Infrastructure Partners shares last traded at C$47.16, with a volume of 296,535 shares.

Wall Street Analysts Forecast Growth

Separately, National Bankshares reduced their price target on Brookfield Infrastructure Partners from C$46.00 to C$38.00 in a research note on Tuesday, October 25th.

Brookfield Infrastructure Partners Stock Performance

The company has a market capitalization of C$21.61 billion and a PE ratio of 134.74. The company has a 50 day moving average of C$46.25 and a two-hundred day moving average of C$49.43. The company has a debt-to-equity ratio of 129.81, a current ratio of 0.77 and a quick ratio of 0.45.

About Brookfield Infrastructure Partners

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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.

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