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

ATCO Ltd. (OTCMKTS:ACLLFGet Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $43.17 and traded as high as $47.82. ATCO shares last traded at $47.82, with a volume of 3,255 shares changing hands.

Analysts Set New Price Targets

ACLLF has been the topic of a number of recent analyst reports. Scotiabank reiterated a “sector perform” rating on shares of ATCO in a research report on Monday, November 10th. National Bank Financial reiterated a “sector perform” rating on shares of ATCO in a report on Monday, November 10th. Royal Bank Of Canada restated a “sector perform” rating on shares of ATCO in a report on Monday, November 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of ATCO in a research note on Monday, December 15th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Read Our Latest Research Report on ACLLF

ATCO Price Performance

The stock’s 50-day moving average price is $43.17 and its two-hundred day moving average price is $39.49.

ATCO Company Profile

(Get Free Report)

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.

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