Canadian Utilities A (CU) was Upgraded to a Buy Rating at TD Securities


In a new note to investors on October 26, an analyst has provided a rating update for Canadian Utilities A (TSX: CU). TD Securities’ analyst Linda Ezergailis upgraded CU to Buy on October 26 , with a C$35 price target.

According to TipRanks.com, Ezergailis is ranked #4196 out of 4874 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Canadian Utilities A with a C$34.50 average price target.

Based on Canadian Utilities A’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$990 million and net profit of C$202 million. In comparison, last year the company earned revenue of C$935 million and had a net profit of C$96 million.

Canadian Utilities Ltd. engages in the provision of business solutions to companies in the utilities, energy, structures and logistics, and technologies sector. It operates through the following business units: Electricity, Pipelines & Liquids, and Corporate & Other.

The company’s shares closed on Friday at C$31.02.

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