Report
EUR 13.86 For Business Accounts Only

FORTIS INCO.(CA) sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of FORTIS INCO.(CA) (CA), a company active in the Conventional Electricity industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date February 14, 2020, the closing price was CAD 58.36 and its potential was estimated at CAD 61.28.
Underlying
Fortis Inc.

Fortis is principally an international electric and gas utility holding company. Co. also holds investments in non-regulated generation assets. Co.'s business segments are: Regulated Electric & Gas Utilities - United States; Regulated Gas Utility - Canadian; Regulated Electric Utilities - Canadian; Regulated Electric Utilities - Caribbean; Non-Regulated - Fortis Generation; Non-regulated - Non-Utility; and Corporate and Other. Its regulated utilities served more than 3.0 million customers across Canada and in New York State and the Caribbean. Co. also holds investments in non-regulated generation assets in Canada and Belize, through Fortis Generation.

Provider
TheScreener
TheScreener

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Christopher Muir
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