ATCO (OTCMKTS:ACLLF) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

ATCO Ltd. (OTCMKTS:ACLLF) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $40.67 and traded as high as $43.25. ATCO shares last traded at $43.25, with a volume of 616 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on ACLLF. BMO Capital Markets reissued an “outperform” rating on shares of ATCO in a report on Monday, December 15th. Royal Bank Of Canada reissued a “sector perform” rating on shares of ATCO in a research note on Monday, November 10th. CIBC restated an “outperform” rating on shares of ATCO in a research note on Tuesday, October 21st. National Bankshares reaffirmed a “sector perform” rating on shares of ATCO in a report on Monday, November 10th. Finally, Scotiabank reissued a “sector perform” rating on shares of ATCO in a report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

ATCO Stock Performance

The firm has a 50 day moving average price of $40.67 and a 200-day moving average price of $38.29.

ATCO Company Profile

ATCO Ltd. is a diversified Canadian holding company headquartered in Calgary, Alberta, with operations spanning structures and logistics, utilities, energy, and retail energy services. Through its Structures & Logistics division, ATCO designs, manufactures and rents modular buildings, workforce housing and specialized structures for industrial, military and commercial clients. Its Utilities business encompasses electricity generation, transmission and distribution, as well as natural gas transmission and distribution networks that serve residential, commercial and industrial customers across multiple regions.

In its Energy division, ATCO develops and operates oil sands cold flow projects, power generation facilities and natural gas liquids pipelines, offering integrated solutions to the upstream and midstream sectors.