Power Co. of Canada (OTCMKTS:PWCDF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Power Co. of Canada (OTCMKTS:PWCDF) have received an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

PWCDF has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of Power Co. of Canada in a research note on Friday, July 31st. Jefferies Financial Group upgraded Power Co. of Canada from a “hold” rating to a “buy” rating in a research note on Friday, July 31st. TD Securities reissued a “hold” rating on shares of Power Co. of Canada in a report on Friday, July 31st. Desjardins reaffirmed a “buy” rating on shares of Power Co. of Canada in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Power Co. of Canada in a report on Thursday, May 14th.

Institutional Trading of Power Co. of Canada

A hedge fund recently raised its position in Power Co. of Canada stock. Cullen Capital Management LLC grew its position in shares of Power Co. of Canada (OTCMKTS:PWCDF) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 41.73% of the company’s stock.

Power Co. of Canada Trading Down 0.6%

Shares of PWCDF opened at $67.31 on Thursday. Power Co. of Canada has a 12-month low of $40.50 and a 12-month high of $70.74. The business’s fifty day moving average is $64.75 and its 200 day moving average is $56.74.

About Power Co. of Canada

Power Co of Canada is a diversified international management and holding company founded in 1925 and headquartered in Montreal, Quebec. Through its principal subsidiaries, the company builds long-term value by investing in and providing strategic oversight to companies operating primarily in the financial services sector. Power Co maintains a long history of family ownership and stewardship, with former co-CEOs Paul Desmarais Jr. and André Desmarais playing key roles in its development over recent decades.

The company’s main areas of activity encompass life and health insurance, wealth and asset management, and retirement services.