Power Co. of Canada (OTCMKTS:PWCDF) Receives Average Recommendation 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 analysts that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

Several equities analysts have commented 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. BMO Capital Markets reiterated a “market perform” rating on shares of Power Co. of Canada in a research report on Friday, July 31st. Scotiabank reiterated an “outperform” rating on shares of Power Co. of Canada in a research note on Friday, July 24th. Finally, TD Securities reiterated a “hold” rating on shares of Power Co. of Canada in a research report on Friday, July 31st.

Power Co. of Canada Stock Performance

OTCMKTS PWCDF opened at $68.00 on Monday. The stock’s 50 day moving average price is $66.37 and its two-hundred day moving average price is $58.90. Power Co. of Canada has a 52 week low of $40.50 and a 52 week high of $70.74.

Institutional Trading of Power Co. of Canada

An institutional investor recently raised its position in Power Co. of Canada stock. Cullen Capital Management LLC raised its position in shares of Power Co. of Canada (OTCMKTS:PWCDF) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 886,766 shares of the company’s stock after acquiring 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 SEC filing. 41.73% of the stock is owned by institutional investors and hedge funds.

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.