Wall Street Zen Upgrades CI Financial (NYSE:CIXXF) to "Buy"

Key Points

• CI Financial has been upgraded to a "buy" rating by Wall Street Zen, indicating a positive outlook for the stock.
• The company's stock opened at $23.23, with a market capitalization of $3.35 billion and a twelve month high of $23.39.
• CI Financial operates as an asset management holding company, managing various investment portfolios, including mutual funds and hedge funds.

CI Financial (NYSE:CIXXF - Get Free Report) was upgraded by research analysts at Wall Street Zen to a "buy" rating in a research note issued to investors on Saturday.

CI Financial Price Performance

CIXXF stock traded down $0.01 during midday trading on Friday, hitting $23.23. The company's stock had a trading volume of 9,602 shares, compared to its average volume of 55,666. CI Financial has a 12 month low of $11.67 and a 12 month high of $23.39. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 4.53. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of -70.39 and a beta of 1.29. The company has a 50 day moving average of $23.11 and a two-hundred day moving average of $22.46.

About CI Financial

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.