Today, Fortis (FTS) Coverage Initiated at Desjardins

Today, Fortis (FTS) Coverage Initiated at Desjardins

Research analysts at Desjardins assumed coverage on shares of Fortis (NYSE:FTS) in a research note issued to investors on Friday. The firm set a “buy” rating on the stock.

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

Shares of Fortis (NYSE:FTS) opened at 30.74 on Friday. Fortis has a 12-month low of $24.63 and a 12-month high of $34.66. The firm has a market capitalization of $12.29 billion and a price-to-earnings ratio of 22.15. The company has a 50-day moving average price of $31.38 and a 200 day moving average price of $32.17.

The firm also recently declared a dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 18th will be issued a $0.298 dividend. The ex-dividend date is Wednesday, November 16th.

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