Trade Report: Today, Fortis (FTS) Receives New Coverage from Analysts at Desjardins

Today, Fortis (FTS) Receives New Coverage from Analysts at Desjardins

Investment analysts at Desjardins initiated coverage on shares of Fortis (NYSE:FTS) in a research note issued to investors on Friday, The Fly reports. The brokerage set a “buy” rating on the stock.

Separately, National Bank Financial reiterated a “sector perform market weight” rating on shares of Fortis in a research report on Monday, November 7th.

Shares of Fortis (NYSE:FTS) opened at 30.25 on Friday. The firm has a market capitalization of $12.09 billion and a P/E ratio of 21.68. Fortis has a 52 week low of $24.63 and a 52 week high of $34.66. The stock has a 50 day moving average price of $31.41 and a 200 day moving average price of $32.17.

The business also recently announced a dividend, which will be paid on Thursday, December 1st. Investors of record on Friday, November 18th will be given a $0.298 dividend. The ex-dividend date is Wednesday, November 16th.

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