AltaGas Ltd. (OTCMKTS:ATGFF) Receives Average Rating of “Buy” from Brokerages

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

ATGFF has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of AltaGas in a research report on Friday, July 31st. Scotiabank reaffirmed an “outperform” rating on shares of AltaGas in a report on Tuesday, July 21st. TD Securities reiterated a “buy” rating on shares of AltaGas in a research note on Friday, July 31st. BMO Capital Markets reissued an “outperform” rating on shares of AltaGas in a report on Friday, July 31st. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of AltaGas in a report on Friday, July 31st.

AltaGas Stock Performance

ATGFF stock opened at $38.35 on Thursday. The stock’s 50 day moving average is $38.44 and its two-hundred day moving average is $37.13. AltaGas has a 52-week low of $28.13 and a 52-week high of $40.62.

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.