Inter Pipeline (OTCMKTS:IPPLF) was upgraded by analysts at CIBC from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, The Fly reports.
Separately, Raymond James reaffirmed a “sell” rating on shares of Inter Pipeline in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold”.
OTCMKTS IPPLF opened at $18.78 on Monday. The stock’s fifty day moving average price is $16.82. Inter Pipeline has a 1 year low of $13.66 and a 1 year high of $19.26.
Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; Natural Gas Liquids (NGL) Processing; and Bulk Liquid Storage.
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