Canadian Utilities (OTCMKTS:CDUAF) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Canadian Utilities Limited (OTCMKTS:CDUAF) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $29.02 and traded as high as $29.7310. Canadian Utilities shares last traded at $29.7310, with a volume of 3,014 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. National Bankshares reissued a “sector perform” rating on shares of Canadian Utilities in a research report on Monday, November 10th. CIBC reissued a “neutral” rating on shares of Canadian Utilities in a report on Tuesday, October 21st. Royal Bank Of Canada reissued a “sector perform” rating on shares of Canadian Utilities in a research 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 investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Canadian Utilities currently has a consensus rating of “Hold”.

Canadian Utilities Price Performance

The stock’s 50-day moving average price is $29.02 and its 200-day moving average price is $28.18.

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.