AGL Energy (OTCMKTS:AGLNF) Shares Down 3.3% – Here’s Why

Shares of AGL Energy Limited (OTCMKTS:AGLNF) were down 3.3% during mid-day trading on Friday . The company traded as low as $5.45 and last traded at $5.45. Approximately 2,147 shares traded hands during mid-day trading, an increase of 208% from the average daily volume of 696 shares. The stock had previously closed at $5.64.

Analyst Ratings Changes

Several analysts recently commented on AGLNF shares. The Goldman Sachs Group raised AGL Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, August 13th. Royal Bank Of Canada downgraded AGL Energy from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

AGL Energy Stock Down 3.3%

The stock has a fifty day moving average of $5.89 and a 200 day moving average of $6.26.

About AGL Energy

AGL Energy Limited supplies energy and other essential services to residential, small and large businesses, and wholesale customers in Australia. It operates through three segments: Customer Markets, Integrated Energy, and Investments. The company engages in retailing of electricity, gas, broadband, mobile, voice, solar, and energy products and services; and operates power generation portfolio and other assets including coal, gas and renewable generation, natural gas storage and production, and development projects.