AltaGas Ltd. (OTCMKTS:ATGFF) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

AltaGas Ltd. (OTCMKTS:ATGFF) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company.

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

AltaGas Stock Performance

Shares of ATGFF opened at $39.41 on Friday. AltaGas has a 1 year low of $28.13 and a 1 year high of $41.71. The stock’s fifty day moving average price is $38.28 and its two-hundred day moving average price is $38.13.

About AltaGas

AltaGas Ltd. is a Canadian energy infrastructure company involved in the transportation, storage, processing and distribution of natural gas and other energy products. Its operations are organized around two primary businesses: Utilities and Midstream. The company develops and operates infrastructure that connects energy supplies with residential, commercial, industrial and export markets.

AltaGas’ midstream activities include natural gas gathering and processing, natural gas liquids extraction, fractionation, storage and transportation.