AltaGas Ltd. (OTCMKTS:ATGFF) Stock Now Rated “Buy” by Wall Street Brokerages

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

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

AltaGas Stock Performance

AltaGas stock opened at $36.64 on Monday. AltaGas has a 1-year low of $28.13 and a 1-year high of $40.62. The stock’s 50 day moving average price is $38.34 and its 200 day moving average price is $37.70.

About AltaGas

AltaGas Ltd. (OTCMKTS:ATGFF) is a Canadian energy infrastructure company headquartered in Calgary, Alberta. Its operations are organized around two principal businesses: utilities and midstream. Through its utilities segment, AltaGas provides regulated natural gas distribution and electricity services, primarily serving customers in Alberta and other Canadian markets.

AltaGas’ midstream business supports the production, processing, storage, transportation and export of natural gas and natural gas liquids.