Brookfield Infrastructure Partners (TSE:BIP.UN) Stock Price Crosses Above Fifty Day Moving Average of $52.57

Brookfield Infrastructure Partners L.P. (TSE:BIP.UNGet Rating) (NYSE:BIP)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$52.57 and traded as high as C$55.58. Brookfield Infrastructure Partners shares last traded at C$54.51, with a volume of 277,327 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reaffirmed a “buy” rating and issued a C$53.00 price target on shares of Brookfield Infrastructure Partners in a report on Thursday, August 4th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$76.40.

Brookfield Infrastructure Partners Trading Down 2.1 %

The firm has a market capitalization of C$24.97 billion and a P/E ratio of 61.25. The firm has a 50-day moving average of C$52.57 and a 200-day moving average of C$66.26. The company has a debt-to-equity ratio of 130.78, a quick ratio of 0.51 and a current ratio of 0.66.

Brookfield Infrastructure Partners Company Profile

(Get Rating)

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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