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

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

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

CI Financial Price Performance

NYSE:CIXXF opened at $22.11 on Wednesday. The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a fifty day moving average of $15.77 and a 200 day moving average of $12.97. CI Financial has a 52-week low of $10.01 and a 52-week high of $22.70. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of -67.00 and a beta of 1.31.

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.