Canadian Utilities (OTCMKTS:CDUAF) Share Price Passes Above 50 Day Moving Average – Here’s Why

Canadian Utilities Limited (OTCMKTS:CDUAF)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $30.92 and traded as high as $33.79. Canadian Utilities shares last traded at $31.92, with a volume of 25,921 shares traded.

Analyst Ratings Changes

A number of research firms have recently issued reports on CDUAF. National Bankshares reaffirmed a “sector perform” rating on shares of Canadian Utilities in a research report on Monday, November 10th. CIBC restated a “neutral” rating on shares of Canadian Utilities in a research note on Tuesday, October 21st. Royal Bank Of Canada reaffirmed 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 report on Monday, November 10th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, Canadian Utilities presently has an average rating of “Hold”.

Canadian Utilities Stock Performance

The company has a fifty day moving average of $30.92 and a two-hundred day moving average of $29.13.

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.