AltaGas Ltd. (OTCMKTS:ATGFF) Receives Consensus Recommendation of “Buy” from Analysts

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

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of AltaGas in a report on Friday, May 1st. BMO Capital Markets restated an “outperform” rating on shares of AltaGas in a report on Friday, May 1st. Scotiabank restated an “outperform” rating on shares of AltaGas in a report on Friday, May 1st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of AltaGas in a research note on Tuesday, May 26th. Finally, TD Securities reiterated a “buy” rating on shares of AltaGas in a research note on Friday, May 1st.

AltaGas Stock Performance

ATGFF opened at $38.17 on Friday. AltaGas has a fifty-two week low of $27.32 and a fifty-two week high of $40.17. The company’s 50-day moving average is $38.19 and its 200 day moving average is $34.34.

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.