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Fortis (FTS) Gets a Buy from Barclays

Tipranks - Tipranks - Wed Apr 29, 2:04AM CDT

Fortis received a Buy rating and a price target from Barclays analyst today.

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In addition to Barclays, Fortis also received a Buy from CIBC’s Mark Jarvi in a report issued on April 20. However, yesterday, RBC Capital maintained a Hold rating on Fortis (NYSE: FTS).

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Based on Fortis’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$3.08 billion and a net profit of C$444 million. In comparison, last year the company earned a revenue of C$2.95 billion and had a net profit of C$415 million

Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FTS in relation to earlier this year.

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