Canaccord Genuity Downgrades Distinct Infrastructure to Hold

By Ryan Adsit

The Utilities sector company, Distinct Infrastructure (TSXV: DUG), has received a rating update from a Wall Street analyst today. The company received a Hold rating from Canaccord Genuity’s analyst Yuri Lynk, with a C$1.45 price target.

According to TipRanks.com, Lynk is a 4-star analyst with an average return of 3.9% and a 49.5% success rate. Lynk covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Badger Daylighting Ltd, and Aecom Technology Corp.

Distinct Infrastructure has an analyst consensus of Moderate Buy, with a price target consensus of C$1.98.

The company has a one year high of C$2.24 and a one year low of C$0.87. Currently, Distinct Infrastructure has an average volume of 45.76K.

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.