Brookfield Infrastructure Partners (TSE:BIP.UN) Reaches New 52-Week High – Should You Buy?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$61.30 and last traded at C$47.61, with a volume of 144444 shares. The stock had previously closed at C$48.43.

Analyst Upgrades and Downgrades

Separately, National Bankshares boosted their price target on Brookfield Infrastructure Partners from C$31.00 to C$34.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd.

Brookfield Infrastructure Partners Stock Down 2.0 %

The stock’s fifty day simple moving average is C$46.12 and its two-hundred day simple moving average is C$42.03. The company has a debt-to-equity ratio of 180.01, a current ratio of 0.81 and a quick ratio of 0.45. The company has a market capitalization of C$21.92 billion, a price-to-earnings ratio of -263.50, a PEG ratio of -2.12 and a beta of 1.05.

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.