AltaGas Ltd. (OTCMKTS:ATGFF) Given Consensus Recommendation of “Buy” by Analysts

AltaGas Ltd. (OTCMKTS:ATGFF) has earned an average recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating.

ATGFF has been the subject of a number of analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of AltaGas in a report on Friday, May 1st. Scotiabank reissued an “outperform” rating on shares of AltaGas in a report on Friday, May 1st. TD Securities reaffirmed a “buy” rating on shares of AltaGas in a report on Friday, May 1st. Royal Bank Of Canada reissued an “outperform” rating on shares of AltaGas in a research note on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of AltaGas in a research report on Tuesday, May 26th.

AltaGas Stock Performance

Shares of OTCMKTS:ATGFF opened at $39.02 on Wednesday. AltaGas has a twelve month low of $27.32 and a twelve month high of $40.17. The business has a 50 day moving average price of $38.53 and a 200 day moving average price of $35.13.

About AltaGas

AltaGas Ltd. is a North American energy infrastructure company engaged in the ownership, operation and development of diversified assets across natural gas, natural gas liquids (NGL), electricity and utility businesses. Its midstream operations include gathering, processing, and transporting natural gas, as well as fractionation and storage of NGLs. In the power segment, AltaGas develops and operates natural gas‐fired power plants and small hydroelectric facilities, providing reliable electricity to regional markets.