AltaCorp Captial Remains a Buy on Distinct Infrastructure

By Ryan Adsit

Distinct Infrastructure (TSXV: DUG), the Utilities sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Chris Murray from AltaCorp Captial remains bullish on the stock and has a C$2.50 price target.

Murray has an average return of 3.2% when recommending Distinct Infrastructure.

According to TipRanks.com, Murray is ranked #671 out of 4619 analysts.

Distinct Infrastructure has an analyst consensus of Moderate Buy, with a price target consensus of C$2.50.

Based on Distinct Infrastructure’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$16.04 million and GAAP net loss of C$175.4K. In comparison, last year the company earned revenue of C$15.51 million and had a net profit of C$10.74K.

Distinct Infrastructure Group, Inc. offers solutions to telecommunication and cable companies, electrical providers and government operated utilities. Its services include aerial construction, underground construction, technical services and third party material management. The company was founded on September 19, 2012 and is headquartered in Toronto, Canada.

The company’s shares closed on Tuesday at C$1.37.