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

Canadian Utilities Limited (OTCMKTS:CDUAF)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $27.83 and traded as high as $28.1870. Canadian Utilities shares last traded at $28.1250, with a volume of 29,488 shares.

Analysts Set New Price Targets

Separately, CIBC restated a “neutral” rating on shares of Canadian Utilities in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Canadian Utilities currently has a consensus rating of “Hold”.

Canadian Utilities Price Performance

The firm’s 50-day moving average is $27.86 and its 200-day moving average is $27.70.

Canadian Utilities Company Profile

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.