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

Power Co. of Canada (OTCMKTS:PWCDF) has been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

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

Hedge Funds Weigh In On Power Co. of Canada

An institutional investor recently raised its position in Power Co. of Canada stock. Cullen Capital Management LLC boosted its stake in shares of Power Co. of Canada (OTCMKTS:PWCDF) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 886,766 shares of the company’s stock after purchasing 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. 41.73% of the stock is currently owned by institutional investors.

Power Co. of Canada Price Performance

PWCDF opened at $68.00 on Monday. The firm has a 50 day simple moving average of $66.37 and a 200 day simple moving average of $58.98. Power Co. of Canada has a fifty-two week low of $40.50 and a fifty-two week high of $70.74.

Power Co. of Canada Company Profile

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.