Sanford C. Bernstein Upgrades Cameco (TSE:CCO) to Strong-Buy

Cameco (TSE:CCO) (NYSE:CCJ) was upgraded by investment analysts at Sanford C. Bernstein to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

A number of other brokerages also recently commented on CCO. Scotiabank lowered their target price on shares of Cameco from C$85.00 to C$81.00 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. National Bankshares lowered their target price on shares of Cameco from C$87.00 to C$81.00 and set an “outperform” rating for the company in a report on Wednesday. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Finally, TD Securities lowered their target price on shares of Cameco from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Six equities research analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$84.20.

Cameco Stock Performance

Cameco stock opened at C$60.84 on Tuesday. The firm has a 50 day simple moving average of C$65.52 and a 200-day simple moving average of C$70.51. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The stock has a market cap of C$26.78 billion, a price-to-earnings ratio of 229.87, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a 1-year low of C$48.71 and a 1-year high of C$88.18.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.