Canadian Utilities (OTCMKTS:CDUAF) Share Price Passes Above 50 Day Moving Average – What’s Next?

Canadian Utilities Limited (OTCMKTS:CDUAF) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $30.64 and traded as high as $32.01. Canadian Utilities shares last traded at $32.01, with a volume of 258,903 shares traded.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CDUAF shares. BMO Capital Markets reaffirmed a “market 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. Royal Bank Of Canada restated a “sector perform” rating on shares of Canadian Utilities in a report on Monday, November 10th. Finally, National Bankshares reaffirmed a “sector perform” rating on shares of Canadian Utilities in a report on Monday, November 10th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Canadian Utilities has a consensus rating of “Hold”.

Canadian Utilities Trading Up 1.0%

The firm has a fifty day moving average price of $30.64 and a 200-day moving average price of $28.92.

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.