Brookfield Infrastructure Partners (TSE:BIP.UN) Reaches New 1-Year High on Analyst Upgrade

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) shares hit a new 52-week high during mid-day trading on Friday after National Bankshares raised their price target on the stock from C$31.00 to C$34.00. National Bankshares currently has a sector perform rating on the stock. Brookfield Infrastructure Partners traded as high as C$55.82 and last traded at C$44.25, with a volume of 506097 shares changing hands. The stock had previously closed at C$43.74.

Brookfield Infrastructure Partners Stock Performance

The stock’s fifty day simple moving average is C$40.74 and its 200-day simple moving average is C$40.18. The company has a market capitalization of C$20.43 billion, a price-to-earnings ratio of -247.50, a price-to-earnings-growth ratio of -2.12 and a beta of 1.03. The company has a current ratio of 0.81, a quick ratio of 0.45 and a debt-to-equity ratio of 180.01.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.