Canadian Utilities (OTCMKTS:CDUAF) Shares Pass Above Fifty Day Moving Average – What’s Next?

Shares of Canadian Utilities Limited (OTCMKTS:CDUAF) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $30.44 and traded as high as $31.43. Canadian Utilities shares last traded at $31.35, with a volume of 25,355 shares.

Wall Street Analyst Weigh In

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

Canadian Utilities Stock Performance

The business has a 50 day moving average price of $30.49 and a two-hundred day moving average price of $28.78.

About Canadian Utilities

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.