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Canadian Utilities Ltd. (CDUAF) [hlAlert]

Rating:
Underweight
CDUAF

Canadian Utilities Ltd. (CDUAF) rated Underweight with price target $40 by Barclays

Posted on: Friday,  Oct 31, 2014  1:25 PM ET by Barclays

Canadian Utilities Ltd. (OTCBB:
CDUAF) rated Underweight with price target $40 by Barclays.

Canadian Utilities Ltd. engages in the natural gas and electricity transmission and distribution business. The company operates in three segments: Utilities, Energy, and Corporate and Other. The Utilities segment engages in the transmission and distribution of electric energy through approximately 10,000 kilometers of main transmission lines and 63,000 kilometers of distribution lines; distributes natural gas to municipal, residential, business, and industrial customers through approximately 38,000 kilometers of distribution mains; and transmits natural gas to producers, industrial users, and gas distribution companies through a network of approximately 8,486 kilometers of pipelines, 22 compressor sites, and a connection to the salt cavern storage peaking facility located near Fort Saskatchewan, Alberta. This segment serves approximately 1.2 million customers in nearly 300 communities. The Energy segment owns and operates regulated and non-regulated coal, natural gas-fired, and hydroelectric generating plants. This segment also involves in the gathering, processing, and storage of non-regulated natural gas, as well as in the extraction of natural gas liquids. It provides storage, natural gas procurement, and transportation services to financial institutions, marketing companies, pipelines, retail energy providers, and producers. The Corporate and Other segment engages in the development, operation, and support of information systems and technologies, as well as the provision of billing, payment processing, credit, collection, and call centre services. Canadian Utilities Ltd. operates in Canada, the United Kingdom, and Australia. The company was incorporated in 1927 and is headquartered in Calgary, Canada. Canadian Utilities Ltd. is a subsidiary of ATCO Ltd.

Barclays
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/31/2014 1:25 PM Sell
None
40.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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