Fortis Inc. (FTS) Gets a Hold Rating from Raymond James

By Jason Carr

Today, an analyst has provided a rating update for Fortis Inc. (FTSResearch Report). Analyst David Quezada from Raymond James rated Fortis Inc. (FTSResearch Report) a Hold, setting a C$55 price target.

Quezada has an average return of 15.1% when recommending Fortis Inc..

According to TipRanks.com, Quezada is ranked #579 out of 5222 analysts.

Currently, the analyst consensus on Fortis Inc. is a Moderate Buy with an average price target of C$55.

The company has a one-year high of C$52.95 and a one-year low of C$40.71. Currently, Fortis Inc. has an average volume of 1.01M.

Fortis, Inc. is an international electric and gas utility holding company. It operates through the following business segments: Regulated Utilities and Non-Regulated.

The company’s shares closed on Tuesday at C$53.02.