AltaGas Ltd. (OTCMKTS:ATGFF) Receives Consensus Recommendation of “Buy” from Analysts

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

Several analysts recently commented on ATGFF shares. 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 report on Friday, May 1st. Scotiabank reissued an “outperform” rating on shares of AltaGas in a report on Friday, May 1st. BMO Capital Markets reissued an “outperform” rating on shares of AltaGas in a report on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of AltaGas in a report on Tuesday, May 26th.

AltaGas Stock Up 0.5%

Shares of ATGFF stock opened at $39.09 on Tuesday. The company has a 50-day simple moving average of $36.69 and a 200 day simple moving average of $33.27. AltaGas has a 52 week low of $27.32 and a 52 week high of $39.59.

AltaGas Company Profile

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.