Power Co. of Canada (OTCMKTS:PWCDF) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Power Co. of Canada (OTCMKTS:PWCDF) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

A number of equities analysts have commented on PWCDF shares. Desjardins reissued a “buy” rating on shares of Power Co. of Canada in a research note on Wednesday, May 13th. Jefferies Financial Group upgraded shares of Power Co. of Canada from a “hold” rating to a “buy” rating in a research report on Friday, July 31st. Scotiabank reaffirmed an “outperform” rating on shares of Power Co. of Canada in a report on Friday, July 24th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Power Co. of Canada in a research report on Thursday, May 14th. Finally, TD Securities reissued a “hold” rating on shares of Power Co. of Canada in a research note on Friday, July 31st.

Power Co. of Canada Price Performance

Shares of PWCDF opened at $69.01 on Monday. The firm’s 50 day simple moving average is $65.81 and its 200 day simple moving average is $58.29. Power Co. of Canada has a 1-year low of $40.50 and a 1-year high of $70.74.

Hedge Funds Weigh In On Power Co. of Canada

An institutional investor recently raised its position in Power Co. of Canada stock. Cullen Capital Management LLC lifted its position in shares of Power Co. of Canada (OTCMKTS:PWCDF) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 886,766 shares of the company’s stock after buying an additional 18,490 shares during the period. Cullen Capital Management LLC’s holdings in Power Co. of Canada were worth $55,121,000 as of its most recent SEC filing. 41.73% of the stock is currently owned by institutional investors and hedge funds.

About Power Co. of Canada

Power Co of Canada is a diversified international management and holding company founded in 1925 and headquartered in Montreal, Quebec. Through its principal subsidiaries, the company builds long-term value by investing in and providing strategic oversight to companies operating primarily in the financial services sector. Power Co maintains a long history of family ownership and stewardship, with former co-CEOs Paul Desmarais Jr. and André Desmarais playing key roles in its development over recent decades.

The company’s main areas of activity encompass life and health insurance, wealth and asset management, and retirement services.