Cameco (TSE:CCO) Stock Rating Upgraded by Sanford C. Bernstein

Cameco (TSE:CCO) (NYSE:CCJ) was upgraded by equities researchers at Sanford C. Bernstein to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts have also commented on the stock. Scotiabank lowered their price objective on shares of Cameco from C$85.00 to C$81.00 and set an “outperform” rating for the company in a report on Tuesday, March 25th. National Bankshares lowered their target price on Cameco from C$87.00 to C$81.00 and set an “outperform” rating for the company in a research note on Wednesday. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Finally, TD Securities decreased their price objective on Cameco from C$91.00 to C$90.00 and set a “buy” rating for the company in a report on Friday, February 21st. Six research analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$84.20.

Cameco Stock Up 1.7 %

Shares of TSE CCO opened at C$60.84 on Tuesday. The firm’s fifty day moving average is C$65.52 and its 200 day moving average is C$70.51. Cameco has a 52 week low of C$48.71 and a 52 week high of C$88.18. The company has a market cap of C$26.78 billion, a price-to-earnings ratio of 229.87, a PEG ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.