Janney Montgomery Scott Upgrades Consolidated Water (CWCO) to Neutral
More News related to CWCO
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- Consolidated Water Co. Ltd. Schedules Second Quarter Conference Call for Monday, August 11, 2008
- Consolidated Water (CWCO) Wins Contract to Supply Water in Turks and Caicos
- Consolidated Water Co. Ltd. Is Successful Bidder to Supply Water in Turks and Caicos
Janney Montgomery Scott upgrades Consolidated Water (Nasdaq: CWCO) from Sell to Neutral, citing valuation. The firm has an $18 fair value estimate on shares of Consolidated Water.
As shares of Consolidated Water have fallen more than 24% since the beginning of May, the firm appears to be taking a more optimistic standpoint, but, at the same time, is concerned about a lack of visibility into several important issues: the resolution of BVI and success on potential growth ventures.
Consolidated Water Co., Ltd. engages in the development and operation of seawater desalination plants and water distribution systems in the Cayman Islands, Belize, the British Virgin Islands, and The Bahamas.
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