Keel Infrastructure (NASDAQ:KEEL) Upgraded to “Strong-Buy” at BTIG Research

BTIG Research upgraded shares of Keel Infrastructure (NASDAQ:KEEL) to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on KEEL. Cantor Fitzgerald cut their target price on shares of Keel Infrastructure from $5.00 to $3.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Keel Infrastructure in a research report on Monday, July 13th. Citigroup assumed coverage on Keel Infrastructure in a research report on Wednesday, June 24th. They set an “outperform” rating for the company. Lake Street Capital set a $5.50 price target on shares of Keel Infrastructure in a research note on Monday, May 11th. Finally, Citizens Jmp began coverage on shares of Keel Infrastructure in a research note on Wednesday, June 24th. They set an “outperform” rating and a $10.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.25.

Keel Infrastructure Trading Up 0.9%

Shares of KEEL opened at $4.69 on Wednesday. The firm has a 50 day simple moving average of $5.21. Keel Infrastructure has a twelve month low of $1.14 and a twelve month high of $7.37. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of -33.50 and a beta of 4.11. The company has a debt-to-equity ratio of 1.37, a current ratio of 9.60 and a quick ratio of 9.43.

Keel Infrastructure (NASDAQ:KEEL) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.24) EPS for the quarter. The company had revenue of $36.99 million for the quarter. Keel Infrastructure had a negative return on equity of 32.10% and a negative net margin of 171.23%. On average, sell-side analysts predict that Keel Infrastructure will post -0.27 EPS for the current year.

About Keel Infrastructure

Bitfarms Ltd. is a bitcoin mining company. It provides vertically integrated mining operations with onsite technical repair, proprietary data analytics and Company-owned electrical engineering and installation services to deliver operational performance and uptime. Bitfarms Ltd. is based in TORONTO, Ontario.