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  5. CU: CU has had an uptick as have most stocks but I'm still underwater. [Canadian Utilities Limited Class A Non-Voting Shares]
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Q: CU has had an uptick as have most stocks but I'm still underwater. Do you think it is time to sell and move on. If so, what stock would you suggest to replace it?
Thanks as always
Asked by Thomas on July 26, 2024
5i Research Answer:

We rates heading lower in Canada, we think CU is worth holding now for a recovery. Yield is 5.7% and valuation is attractive at only 13X earnings today. 

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