Canadian Utilities (OTCMKTS:CDUAF) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Canadian Utilities Limited (OTCMKTS:CDUAF)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $31.64 and traded as high as $33.9650. Canadian Utilities shares last traded at $33.83, with a volume of 39,687 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CDUAF. BMO Capital Markets restated a “market perform” rating on shares of Canadian Utilities in a research report on Monday, November 10th. National Bank Financial restated a “sector perform” rating on shares of Canadian Utilities in a research note on Monday, November 10th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Canadian Utilities in a report on Monday, November 10th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Canadian Utilities Stock Down 0.6%

The stock has a 50 day simple moving average of $31.64 and a 200-day simple moving average of $29.52.

About Canadian Utilities

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.