AltaGas Ltd. (OTCMKTS:ATGFF) Given Average Recommendation of “Buy” by Brokerages

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

A number of analysts have recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating on shares of AltaGas in a report on Friday, July 31st. Scotiabank reiterated an “outperform” rating on shares of AltaGas in a research note on Tuesday, July 21st. TD Securities reissued a “buy” rating on shares of AltaGas in a research note on Friday, July 31st. Royal Bank Of Canada restated an “outperform” rating on shares of AltaGas in a report on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of AltaGas in a research report on Friday, July 31st.

AltaGas Stock Performance

ATGFF stock opened at $38.35 on Thursday. The business has a fifty day simple moving average of $38.44 and a 200-day simple moving average of $37.13. AltaGas has a 52 week low of $28.13 and a 52 week high of $40.62.

About AltaGas

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.