ATCO Ltd. (OTCMKTS:ACLLF) Given Average Recommendation of “Hold” by Brokerages

Shares of ATCO Ltd. (OTCMKTS:ACLLF) have been assigned an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

ACLLF has been the subject of several analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of ATCO in a research note on Friday, July 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of ATCO in a research report on Thursday, July 30th. BMO Capital Markets reiterated an “outperform” rating on shares of ATCO in a report on Thursday, July 30th. Scotiabank reissued a “sector perform” rating on shares of ATCO in a research report on Tuesday, July 21st. Finally, TD Securities restated a “hold” rating on shares of ATCO in a research note on Friday, May 8th.

ATCO Stock Up 0.6%

Shares of OTCMKTS ACLLF opened at $55.03 on Friday. ATCO has a fifty-two week low of $34.71 and a fifty-two week high of $58.06. The firm’s 50-day simple moving average is $53.52 and its 200 day simple moving average is $50.19.

About ATCO

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.