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An update from Canadian Utilities A ( (TSE:CU) ) is now available.
Canadian Utilities Limited has successfully closed its public offering of Cumulative Redeemable Second Preferred Shares Series JJ, raising $201,250,000. The proceeds from this issuance will be used for capital expenditures and general corporate purposes, potentially strengthening the company’s financial position and supporting its operational growth.
The most recent analyst rating on (TSE:CU) stock is a Hold with a C$43.00 price target. To see the full list of analyst forecasts on Canadian Utilities A stock, see the TSE:CU Stock Forecast page.
Spark’s Take on TSE:CU Stock
According to Spark, TipRanks’ AI Analyst, TSE:CU is a Neutral.
Canadian Utilities A’s overall stock score is driven by strong financial performance and positive earnings call sentiment, despite challenges with high leverage and regulatory headwinds. The technical indicators support a bullish outlook, while the valuation suggests caution due to a high P/E ratio.
To see Spark’s full report on TSE:CU stock, click here.
More about Canadian Utilities A
Canadian Utilities, a subsidiary of ATCO, is a diversified global energy infrastructure corporation. It provides essential services and innovative business solutions through its electricity and natural gas transmission and distribution, international electricity operations, and sustainable energy solutions. The company operates with approximately 9,100 employees and holds assets worth $24 billion.
Average Trading Volume: 472,202
Technical Sentiment Signal: Buy
Current Market Cap: C$11.46B
For detailed information about CU stock, go to TipRanks’ Stock Analysis page.