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

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

Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods lowered shares of CI Financial from a “moderate buy” rating to a “hold” rating in a report on Monday, November 25th. TD Securities cut shares of CI Financial from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, November 27th.

CI Financial Stock Up 0.1 %

CI Financial stock opened at $21.73 on Thursday. CI Financial has a 12 month low of $10.16 and a 12 month high of $22.70. The stock has a market capitalization of $3.13 billion, a PE ratio of -65.85 and a beta of 1.42. The company has a debt-to-equity ratio of 4.53, a current ratio of 0.32 and a quick ratio of 0.32. The business has a 50 day simple moving average of $21.21 and a 200-day simple moving average of $16.24.

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.