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

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

ATGFF has been the topic of several analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of AltaGas in a research report on Friday. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of AltaGas in a research note on Friday. BMO Capital Markets reaffirmed an “outperform” rating on shares of AltaGas in a report on Friday. Royal Bank Of Canada reissued an “outperform” rating on shares of AltaGas in a report on Friday. Finally, TD Securities restated a “buy” rating on shares of AltaGas in a research report on Friday.

AltaGas Stock Up 2.7%

Shares of OTCMKTS:ATGFF traded up $1.00 during midday trading on Friday, reaching $38.45. The company’s stock had a trading volume of 3,152 shares, compared to its average volume of 24,142. The stock has a fifty day moving average of $35.07 and a 200 day moving average of $32.04. AltaGas has a twelve month low of $26.55 and a twelve month high of $38.45.

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.