Canadian Utilities (OTCMKTS:CDUAF) Shares Pass Above 50 Day Moving Average – What’s Next?

Canadian Utilities Limited (OTCMKTS:CDUAF) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $31.21 and traded as high as $32.40. Canadian Utilities shares last traded at $32.30, with a volume of 645 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Canadian Imperial Bank of Commerce reaffirmed 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 research report on Monday, November 10th. BMO Capital Markets restated a “market perform” rating on shares of Canadian Utilities in a research report on Monday, November 10th. Finally, National Bankshares reiterated a “sector perform” rating on shares of Canadian Utilities in a report on Monday, November 10th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Canadian Utilities has an average rating of “Hold”.

Canadian Utilities Stock Performance

The company has a fifty day simple moving average of $31.21 and a two-hundred day simple moving average of $29.30.

Canadian Utilities Company Profile

Canadian Utilities Limited is a diversified energy infrastructure and utilities company based in Calgary, Alberta. Established in 1912, it is part of the ATCO Group and provides essential services to residential, commercial and industrial customers. The company’s operations span across regulated and non-regulated businesses, with a focus on reliable energy delivery and infrastructure development.

In its utilities segment, Canadian Utilities owns and operates electricity transmission and distribution networks under the ATCO Electric brand, as well as natural gas distribution systems through ATCO Gas.