Power Co. of Canada (OTCMKTS:PWCDF) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Power Co. of Canada (OTCMKTS:PWCDF) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

Several analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Power Co. of Canada from a “hold” rating to a “buy” rating in a report on Friday, July 31st. Scotiabank restated an “outperform” rating on shares of Power Co. of Canada in a research note on Friday, July 24th. BMO Capital Markets restated a “market perform” rating on shares of Power Co. of Canada in a research report on Friday, July 31st. Finally, TD Securities reaffirmed a “hold” rating on shares of Power Co. of Canada in a research note on Friday, July 31st.

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 grew its holdings in Power Co. of Canada (OTCMKTS:PWCDF) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 886,766 shares of the company’s stock after purchasing 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. Hedge funds and other institutional investors own 41.73% of the company’s stock.

Power Co. of Canada Price Performance

Power Co. of Canada stock opened at $62.46 on Friday. The company’s 50 day simple moving average is $66.63 and its 200-day simple moving average is $60.97. Power Co. of Canada has a 1 year low of $41.92 and a 1 year high of $70.74.

About Power Co. of Canada

Power Corporation of Canada is a diversified international management and holding company focused primarily on financial services and asset management. Through its operating companies and strategic investments, the company has exposure to insurance, retirement and investment products, wealth management, and alternative investments.

Its principal holdings include Great-West Lifeco, which provides insurance, retirement, investment and related financial solutions; IGM Financial, which operates wealth management and investment management businesses; and Power Sustainable, an investment platform focused on sustainable and alternative assets.