Canadian Utilities (OTCMKTS:CDUAF) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Canadian Utilities Limited (OTCMKTS:CDUAF)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-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 traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CDUAF shares. Royal Bank Of Canada restated a “sector perform” rating on shares of Canadian Utilities in a report on Monday, November 10th. BMO Capital Markets reiterated a “market perform” rating on shares of Canadian Utilities in a research report on Monday, November 10th. National Bankshares restated a “sector perform” rating on shares of Canadian Utilities in a research report on Monday, November 10th. Finally, CIBC reaffirmed 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, the stock currently has an average rating of “Hold”.

Canadian Utilities Trading Up 0.0%

The business has a fifty day simple moving average of $29.34 and a 200 day simple moving average of $28.28.

About Canadian Utilities

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.