ATCO (OTCMKTS:ACLLF) Stock Crosses Above 50-Day Moving Average – Here’s Why

ATCO Ltd. (OTCMKTS:ACLLFGet Free Report)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $40.19 and traded as high as $42.35. ATCO shares last traded at $42.35, with a volume of 215 shares traded.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ACLLF shares. Scotiabank reissued a “sector perform” rating on shares of ATCO in a report on Monday, November 10th. BMO Capital Markets reaffirmed an “outperform” rating on shares of ATCO in a report on Monday, December 15th. National Bankshares reissued a “sector perform” rating on shares of ATCO in a report on Monday, November 10th. CIBC reissued an “outperform” rating on shares of ATCO in a research report on Tuesday, October 21st. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of ATCO in a research note on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Check Out Our Latest Stock Analysis on ATCO

ATCO Price Performance

The firm’s fifty day simple moving average is $40.19 and its 200 day simple moving average is $38.00.

About ATCO

(Get Free Report)

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.

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