ATCO (OTCMKTS:ACLLF) Share Price Passes Above 50-Day Moving Average – What’s Next?

Shares of ATCO Ltd. (OTCMKTS:ACLLF) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $41.19 and traded as high as $43.9120. ATCO shares last traded at $43.9120, with a volume of 611 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ACLLF. Royal Bank Of Canada reissued a “sector perform” rating on shares of ATCO in a research report on Monday, November 10th. National Bankshares reissued a “sector perform” rating on shares of ATCO in a research report on Monday, November 10th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of ATCO in a research report on Tuesday, October 21st. BMO Capital Markets reissued an “outperform” rating on shares of ATCO in a report on Monday, December 15th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of ATCO in a report on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

ATCO Stock Performance

The stock has a 50 day moving average of $41.19 and a 200 day moving average of $38.56.

About ATCO

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.