ATCO (OTCMKTS:ACLLF) Shares Cross Above 50 Day Moving Average – Here’s What Happened

ATCO Ltd. (OTCMKTS:ACLLF) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $49.87 and traded as high as $50.3770. ATCO shares last traded at $50.3770, with a volume of 15,144 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ACLLF. Scotiabank reaffirmed a “sector perform” rating on shares of ATCO in a report on Thursday, May 7th. BMO Capital Markets reaffirmed an “outperform” rating on shares of ATCO in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of ATCO in a report on Monday, April 20th. TD Securities reaffirmed a “hold” rating on shares of ATCO in a report on Friday, May 8th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of ATCO in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, ATCO has a consensus rating of “Hold”.

ATCO Stock Down 1.2%

The company’s 50 day moving average price is $49.87 and its two-hundred day moving average price is $45.13.

ATCO Company Profile

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.