During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Atlantica Yield (NASDAQ:AY) reported quarterly losses of $(0.11) per share which missed the analyst consensus estimate of $0.35 by 131.43 percent. This is a 10 percent decrease over losses of $(0.10) per share from the
B of A Securities analyst Julien Dumoulin-Smith downgrades Atlantica Sustainable (NASDAQ:AY) from Buy to Neutral and lowers the price target from $37 to $34.