Canadian Utilities (OTCMKTS:CDUAF) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Canadian Utilities Limited (OTCMKTS:CDUAF) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $29.34 and traded as high as $30.9340. Canadian Utilities shares last traded at $30.9340, with a volume of 4,705 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CDUAF. National Bankshares restated a “sector perform” rating on shares of Canadian Utilities in a research note on Monday, November 10th. CIBC reiterated a “neutral” rating on shares of Canadian Utilities in a research report on Tuesday, October 21st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Canadian Utilities in a research report on Monday, November 10th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Canadian Utilities in a report on Monday, November 10th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Canadian Utilities Price Performance

The firm’s 50-day simple moving average is $29.40 and its 200 day simple moving average is $28.31.

Canadian Utilities Company Profile

Canadian Utilities Limited is a diversified energy infrastructure and utilities company based in Calgary, Alberta. Established in 1912, it is part of the ATCO Group and provides essential services to residential, commercial and industrial customers. The company’s operations span across regulated and non-regulated businesses, with a focus on reliable energy delivery and infrastructure development.

In its utilities segment, Canadian Utilities owns and operates electricity transmission and distribution networks under the ATCO Electric brand, as well as natural gas distribution systems through ATCO Gas.