Canadian Utilities (TSE:CU) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Canadian Utilities Limited (TSE:CU - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$35.23 and traded as high as C$37.81. Canadian Utilities shares last traded at C$37.63, with a volume of 270,952 shares changing hands.

Wall Street Analyst Weigh In

CU has been the topic of a number of analyst reports. Scotiabank raised their price objective on shares of Canadian Utilities from C$37.00 to C$38.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. CIBC raised their price objective on shares of Canadian Utilities from C$38.00 to C$40.00 in a report on Friday, April 4th.

Canadian Utilities Price Performance

The company's 50 day moving average is C$35.91 and its 200 day moving average is C$35.30. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34. The stock has a market capitalization of C$7.71 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66.

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.