AltaGas Ltd. (OTCMKTS:ATGFF) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of AltaGas Ltd. (OTCMKTS:ATGFF) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company.

A number of brokerages recently weighed in on ATGFF. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of AltaGas in a research note on Friday, July 31st. 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. Scotiabank restated an “outperform” rating on shares of AltaGas in a research report on Tuesday, July 21st. Finally, Canadian Imperial Bank of Commerce lowered AltaGas from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 22nd.

AltaGas Price Performance

ATGFF stock opened at $39.76 on Friday. AltaGas has a 52 week low of $28.13 and a 52 week high of $41.71. The firm has a 50-day simple moving average of $38.38 and a 200-day simple moving average of $36.54.

About AltaGas

AltaGas Ltd. is a Canadian energy infrastructure company involved in the transportation, storage, processing and distribution of natural gas and other energy products. Its operations are organized around two primary businesses: Utilities and Midstream. The company develops and operates infrastructure that connects energy supplies with residential, commercial, industrial and export markets.

AltaGas’ midstream activities include natural gas gathering and processing, natural gas liquids extraction, fractionation, storage and transportation.