Power Co. of Canada (OTCMKTS:PWCDF) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Shares of Power Co. of Canada (OTCMKTS:PWCDF) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $66.06 and traded as high as $66.82. Power Co. of Canada shares last traded at $66.59, with a volume of 178,587 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on PWCDF. Scotiabank reissued an “outperform” rating on shares of Power Co. of Canada in a research report on Wednesday, October 28th. TD Securities reaffirmed a “hold” rating on shares of Power Co. of Canada in a research report on Friday, July 31st. Jefferies Financial Group upgraded shares of Power Co. of Canada from a “hold” rating to a “buy” rating in a research note on Friday, July 31st. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Power Co. of Canada in a research report on Friday, October 23rd. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Power Co. of Canada Trading Up 1.6%

The company’s 50-day moving average is $66.06 and its two-hundred day moving average is $59.32.

Hedge Funds Weigh In On Power Co. of Canada

An institutional investor recently raised its stake in Power Co. of Canada stock. Cullen Capital Management LLC raised its position in shares of Power Co. of Canada (OTCMKTS:PWCDF) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission. Institutional investors own 41.73% of the company’s stock.

About Power Co. of Canada

Power Corporation of Canada is a Canadian management and holding company focused primarily on financial services and other long-term investments. Through its principal holdings, the company has exposure to insurance, retirement and investment products, wealth management, asset management, and related financial solutions. Power Corporation’s major investments include Great-West Lifeco, which provides life and health insurance, retirement and investment services, and investment management, and IGM Financial, which offers wealth and asset management services through businesses such as IG Wealth Management and Mackenzie Investments.