Kenon (KEN) Cut to Buy at ValuEngine

ValuEngine cut shares of Kenon (NYSE:KEN) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

Kenon (NYSE KEN) traded up $0.04 during trading hours on Friday, hitting $20.50. The company’s stock had a trading volume of 3,200 shares, compared to its average volume of 1,863. Kenon has a 12-month low of $9.14 and a 12-month high of $20.72. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 3.37.

An institutional investor recently raised its position in Kenon stock. Vanguard Group Inc. increased its holdings in Kenon Holdings Ltd (NYSE:KEN) by 2.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 276,246 shares of the utilities provider’s stock after buying an additional 7,125 shares during the period. Vanguard Group Inc. owned 0.51% of Kenon worth $3,735,000 as of its most recent SEC filing. Institutional investors own 0.97% of the company’s stock.

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Kenon Company Profile

Kenon Holdings Ltd. is a holding company that operates primarily growth-oriented businesses. The Company’s segments include I.C. Power Asia Development Ltd (IC Power), Qoros Automotive Co, Ltd. (Qoros) and Other. I.C. Power, through its subsidiary companies, is engaged in the production, operation and sale of electricity in countries in Latin America, the Caribbean region and Israel.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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