Shares of Azure Power Global Ltd (NYSE:AZRE) have been assigned an average rating of “Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $20.55.
A number of analysts have issued reports on AZRE shares. ValuEngine downgraded shares of Azure Power Global from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Zacks Investment Research downgraded shares of Azure Power Global from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 20th. Jefferies Financial Group started coverage on shares of Azure Power Global in a report on Monday, November 25th. They issued a “buy” rating and a $15.20 price objective for the company. HSBC started coverage on shares of Azure Power Global in a report on Thursday, October 17th. They issued a “buy” rating for the company. Finally, Barclays raised shares of Azure Power Global from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $13.00 to $19.00 in a report on Friday, November 8th.
NYSE AZRE traded down $0.21 during trading on Tuesday, reaching $12.74. The company’s stock had a trading volume of 27,900 shares, compared to its average volume of 22,311. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 3.41. The firm has a market capitalization of $531.47 million, a price-to-earnings ratio of 98.00 and a beta of 1.31. Azure Power Global has a 12 month low of $8.25 and a 12 month high of $13.38. The firm has a 50 day moving average price of $12.86 and a 200 day moving average price of $11.54.
Azure Power Global Company Profile
Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of solar power plants in India. It generates solar energy based on long-term contracts with Indian government energy distribution companies, as well as other non-governmental energy distribution companies and commercial customers.
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