Kenon (KEN) Upgraded by TheStreet to “C+”

Kenon (NYSE:KEN) was upgraded by investment analysts at TheStreet from a “d” rating to a “c+” rating in a research note issued on Friday, TheStreetRatingsTable reports.

Shares of Kenon stock opened at $19.51 on Friday. The company has a current ratio of 3.64, a quick ratio of 3.64 and a debt-to-equity ratio of 0.79. Kenon has a fifty-two week low of $13.67 and a fifty-two week high of $20.79.

An institutional investor recently bought a new position in Kenon stock. Norges Bank bought a new stake in shares of Kenon Holdings Ltd (NYSE:KEN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 175,971 shares of the utilities provider’s stock, valued at approximately $2,639,000. Norges Bank owned about 0.33% of Kenon at the end of the most recent quarter. 2.02% of the stock is currently owned by institutional investors and hedge funds.

Kenon Company Profile

Kenon Holdings Ltd., through its subsidiaries, owns, develops, and operates power generation facilities in Israel. It operates through OPC, Qoros, and Other segments. The company's power generation plants operate on natural gas and diesel. It also designs, manufactures, sells, and services passenger vehicles, parts, and accessories through a network of independent authorized retail dealers in China.

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