CI Financial (NYSE:CIXXF) Rating Lowered to “Strong Sell” at TD Securities

CI Financial (NYSE:CIXXF) was downgraded by equities researchers at TD Securities from a “strong-buy” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Keefe, Bruyette & Woods downgraded CI Financial from a “moderate buy” rating to a “hold” rating in a research report on Monday.

CI Financial Stock Performance

NYSE:CIXXF opened at $22.11 on Wednesday. The stock has a fifty day moving average price of $15.77 and a 200-day moving average price of $12.97. The company has a market cap of $3.19 billion, a price-to-earnings ratio of -67.00 and a beta of 1.31. The company has a debt-to-equity ratio of 3.53, a quick ratio of 0.34 and a current ratio of 0.34. CI Financial has a fifty-two week low of $10.01 and a fifty-two week high of $22.70.

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.