AltaGas Ltd. (OTCMKTS:ATGFF) Given Average Recommendation of “Buy” by Brokerages

Shares of AltaGas Ltd. (OTCMKTS:ATGFF) have earned an average recommendation of “Buy” from the six research firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation.

Several research firms recently commented on ATGFF. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of AltaGas in a research report on Tuesday, May 26th. TD Securities reaffirmed a “buy” rating on shares of AltaGas in a research report on Friday, May 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of AltaGas in a research note on Friday, May 1st. BMO Capital Markets reissued an “outperform” rating on shares of AltaGas in a research report on Friday, May 1st. Finally, Scotiabank restated an “outperform” rating on shares of AltaGas in a research note on Friday, May 1st.

AltaGas Stock Performance

ATGFF stock opened at $38.47 on Wednesday. AltaGas has a 1 year low of $27.32 and a 1 year high of $40.17. The stock has a 50-day simple moving average of $38.41 and a 200-day simple moving average of $34.99.

AltaGas Company Profile

AltaGas Ltd. is a North American energy infrastructure company engaged in the ownership, operation and development of diversified assets across natural gas, natural gas liquids (NGL), electricity and utility businesses. Its midstream operations include gathering, processing, and transporting natural gas, as well as fractionation and storage of NGLs. In the power segment, AltaGas develops and operates natural gas‐fired power plants and small hydroelectric facilities, providing reliable electricity to regional markets.