Power Co. of Canada (OTCMKTS:PWCDF) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Power Co. of Canada (OTCMKTS:PWCDF) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

PWCDF has been the topic of a number of recent research reports. TD Securities reaffirmed a “hold” rating on shares of Power Co. of Canada in a research report on Friday, July 31st. BMO Capital Markets reissued a “market perform” rating on shares of Power Co. of Canada in a report on Friday, October 23rd. Jefferies Financial Group raised shares of Power Co. of Canada from a “hold” rating to a “buy” rating in a report on Friday, July 31st. Finally, Scotiabank restated an “outperform” rating on shares of Power Co. of Canada in a research report on Wednesday, October 28th.

Institutional Investors Weigh In On Power Co. of Canada

An institutional investor recently raised its position in Power Co. of Canada stock. Cullen Capital Management LLC increased its stake in shares of Power Co. of Canada (OTCMKTS:PWCDF) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 886,766 shares of the company’s stock after buying an additional 18,490 shares during the quarter. Cullen Capital Management LLC’s holdings in Power Co. of Canada were worth $55,121,000 at the end of the most recent reporting period. Institutional investors own 41.73% of the company’s stock.

Power Co. of Canada Price Performance

PWCDF opened at $68.42 on Tuesday. Power Co. of Canada has a fifty-two week low of $44.32 and a fifty-two week high of $70.74. The stock has a fifty day moving average of $66.00 and a 200-day moving average of $58.87.

Power Co. of Canada Company Profile

Power Corporation of Canada is a Canadian management and holding company focused primarily on financial services and other long-term investments. Through its principal holdings, the company has exposure to insurance, retirement and investment products, wealth management, asset management, and related financial solutions.

Power Corporation’s major investments include Great-West Lifeco, which provides life and health insurance, retirement and investment services, and investment management, and IGM Financial, which offers wealth and asset management services through businesses such as IG Wealth Management and Mackenzie Investments.