AltaGas Ltd. (OTCMKTS:ATGFF) Receives Average Rating of “Buy” from Analysts

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

Several analysts recently issued reports on ATGFF shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of AltaGas in a research note on Tuesday, May 26th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of AltaGas in a research note on Friday, May 1st. BMO Capital Markets reaffirmed an “outperform” rating on shares of AltaGas in a research note on Friday, May 1st. TD Securities reaffirmed a “buy” rating on shares of AltaGas in a research note on Friday, May 1st. Finally, Scotiabank reaffirmed an “outperform” rating on shares of AltaGas in a research note on Friday, May 1st.

AltaGas Price Performance

Shares of ATGFF opened at $37.57 on Friday. AltaGas has a 52-week low of $27.32 and a 52-week high of $40.17. The firm’s fifty day moving average is $37.91 and its two-hundred day moving average is $34.09.

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.