Power Co. of Canada (OTCMKTS:PWCDF) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?
by Mitch Edgeman · The Markets DailyShares of Power Co. of Canada (OTCMKTS:PWCDF – Get Free Report) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $66.06 and traded as high as $66.82. Power Co. of Canada shares last traded at $66.59, with a volume of 178,587 shares trading hands.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on PWCDF. Jefferies Financial Group upgraded shares of Power Co. of Canada from a “hold” rating to a “buy” rating in a research note on Friday, July 31st. TD Securities restated a “hold” rating on shares of Power Co. of Canada in a research report on Friday, July 31st. Scotiabank reaffirmed an “outperform” rating on shares of Power Co. of Canada in a report on Wednesday, October 28th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Power Co. of Canada in a research note on Friday, October 23rd. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Get Our Latest Analysis on Power Co. of Canada
Power Co. of Canada Price Performance
The stock has a fifty day simple moving average of $66.09 and a 200-day simple moving average of $59.48.
Hedge Funds Weigh In On Power Co. of Canada
A hedge fund recently raised its stake in Power Co. of Canada stock. Cullen Capital Management LLC increased its position in shares of Power Co. of Canada (OTCMKTS:PWCDF – Free Report) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 886,766 shares of the company’s stock after buying an additional 18,490 shares during the period. Cullen Capital Management LLC’s holdings in Power Co. of Canada were worth $55,121,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 41.73% of the company’s stock.
About Power Co. of Canada
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.