Canadian Utilities (OTCMKTS:CDUAF) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Canadian Utilities Limited (OTCMKTS:CDUAF) shares 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

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

Canadian Utilities Stock Down 0.1%

The business has a 50 day moving average price of $28.73 and a two-hundred day moving average price of $28.07.

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.