CI Financial (NYSE:CIXXF) Cut to “Strong Sell” at Raymond James

CI Financial (NYSE:CIXXF) was downgraded by equities researchers at Raymond James from a “moderate buy” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

Several other brokerages have also issued reports on CIXXF. TD Securities lowered CI Financial from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, November 27th. Keefe, Bruyette & Woods lowered CI Financial from a “moderate buy” rating to a “hold” rating in a research report on Monday, November 25th.

CI Financial Trading Up 0.1 %

Shares of CI Financial stock opened at $21.73 on Thursday. The company has a fifty day simple moving average of $21.21 and a 200-day simple moving average of $16.24. CI Financial has a 12-month low of $10.16 and a 12-month high of $22.70. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 4.53. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of -65.85 and a beta of 1.42.

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.