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The latest update is out from Canadian Utilities A ( (TSE:CU) ).
Canadian Utilities Limited has announced the issuance of $300 million in debentures with a 4.412% yield, maturing in 2035. The proceeds from this issuance will be used to repay existing debt and for general corporate purposes, potentially strengthening the company’s financial position and operational capabilities.
The most recent analyst rating on (TSE:CU) stock is a Hold with a C$37.00 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 Outperform.
Canadian Utilities A is well-positioned within the Diversified Utilities industry, showcasing strong financial performance with robust profitability metrics and stable cash flow generation. The technical indicators suggest a positive trend, though momentum is limited. The valuation appears slightly high, which could be a concern for value-focused investors, but the attractive dividend yield provides some compensation. Regulatory uncertainties and project delays in Alberta represent key risks that could impact future growth. Overall, the stock is solid but faces challenges that need addressing to enhance its market appeal.
To see Spark’s full report on TSE:CU stock, click here.
More about Canadian Utilities A
Canadian Utilities Limited, an ATCO company, is a diversified global energy infrastructure corporation with approximately 9,100 employees and assets valued at $24 billion. The company focuses on delivering essential services and innovative business solutions through its subsidiaries, including ATCO Energy Systems, which handles electricity and natural gas transmission and distribution, and ATCO EnPower, which provides sustainable energy solutions. Additionally, ATCO Australia develops and operates energy and infrastructure assets.
Average Trading Volume: 572,701
Technical Sentiment Signal: Buy
Current Market Cap: C$7.78B
Find detailed analytics on CU stock on TipRanks’ Stock Analysis page.