Power Co. of Canada (OTCMKTS:PWCDF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Power Co. of Canada (OTCMKTS:PWCDF) has received an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

Several equities analysts recently commented on PWCDF shares. TD Securities restated a “hold” rating on shares of Power Co. of Canada in a research report on Friday, July 31st. Jefferies Financial Group upgraded Power Co. of Canada from a “hold” rating to a “buy” rating in a report on Friday, July 31st. BMO Capital Markets reissued a “market perform” rating on shares of Power Co. of Canada in a report on Friday, July 31st. Finally, Scotiabank reissued an “outperform” rating on shares of Power Co. of Canada in a research note on Friday, July 24th.

Institutional Investors Weigh In On Power Co. of Canada

An institutional investor recently raised its position in Power Co. of Canada stock. Cullen Capital Management LLC raised its holdings in shares of Power Co. of Canada (OTCMKTS:PWCDF) by 2.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 886,766 shares of the company’s stock after purchasing 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. Institutional investors own 41.73% of the company’s stock.

Power Co. of Canada Stock Performance

Shares of PWCDF opened at $63.28 on Friday. The business’s 50-day moving average price is $66.77 and its 200-day moving average price is $60.77. Power Co. of Canada has a twelve month low of $41.01 and a twelve month high of $70.74.

About Power Co. of Canada

Power Corporation of Canada is a diversified international management and holding company focused primarily on financial services and asset management. Through its operating companies and strategic investments, the company has exposure to insurance, retirement and investment products, wealth management, and alternative investments.

Its principal holdings include Great-West Lifeco, which provides insurance, retirement, investment and related financial solutions; IGM Financial, which operates wealth management and investment management businesses; and Power Sustainable, an investment platform focused on sustainable and alternative assets.