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Upgrade Alert for California Water Service (CWT)

By James Quinn

California Water Service (NYSE:CWT) was upgraded from Neutral to Long-Term Buy at Hilliard Lyons today. The stock closed yesterday at $31.75 on volume of 254,000 shares, below average daily volume of 315,000.

California Water Service (NYSE:CWT) defies analysts with a current price ($31.75) 13.9% above its average consensus price target of $27.33. California Water Service shares have support at the 50-day moving average (MA) of $26.76 and additional support at the 200-day MA of $23.66.

In the past 52 weeks, shares of California Water Service have traded between a low of $19.55 and a high of $35.62 and closed yesterday at $31.75, which is 62% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.4%.

California Water Service Group is the parent company of several water utility companies. The Company provides regulated and nonregulated water utility services to customers in California, New Mexico, and Washington.

SmarTrend is tracking the current trend status for California Water Service and will alert subscribers who have CWT in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades california water service

Ticker(s): CWT