Canadian Utilities (OTCMKTS:CDUAF) Share Price Passes Above 50 Day Moving Average – Here’s Why

Shares of Canadian Utilities Limited (OTCMKTS:CDUAF) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $28.73 and traded as high as $30.09. Canadian Utilities shares last traded at $30.09, with a volume of 9,274 shares traded.

Analyst Ratings Changes

CDUAF has been the topic of a number of research analyst reports. National Bankshares reissued a “sector perform” rating on shares of Canadian Utilities in a research report on Monday, November 10th. BMO Capital Markets reiterated a “market perform” rating on shares of Canadian Utilities in a research note on Monday, November 10th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Canadian Utilities in a report on Monday, November 10th. Finally, CIBC restated a “neutral” rating on shares of Canadian Utilities in a research note on Tuesday, October 21st. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Canadian Utilities Trading Down 0.1%

The business’s fifty day simple moving average is $28.73 and its 200-day simple moving average is $28.07.

Canadian Utilities Company Profile

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.