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

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

A number of equities analysts have weighed in on ATGFF shares. Scotiabank reissued 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 note on Friday, May 1st. TD Securities reissued a “buy” rating on shares of AltaGas in a research note on Friday, May 1st. Royal Bank Of Canada reissued an “outperform” rating on shares of AltaGas in a research note on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of AltaGas in a research note on Tuesday.

AltaGas Stock Down 1.1%

Shares of OTCMKTS:ATGFF opened at $38.91 on Tuesday. The business’s 50 day moving average price is $36.62 and its 200-day moving average price is $33.19. AltaGas has a 1 year low of $27.32 and a 1 year high of $39.59.

About AltaGas

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.