ATCO Ltd. (OTCMKTS:ACLLF) Given Average Recommendation of “Hold” by Brokerages

ATCO Ltd. (OTCMKTS:ACLLF) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

Several research analysts have issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of ATCO in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of ATCO in a report on Friday, July 17th. TD Securities reissued a “hold” rating on shares of ATCO in a report on Friday, May 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of ATCO in a research note on Thursday, May 7th. Finally, Scotiabank reiterated a “sector perform” rating on shares of ATCO in a research report on Tuesday, July 21st.

ATCO Trading Down 1.6%

Shares of ACLLF stock opened at $55.14 on Wednesday. ATCO has a 1 year low of $34.71 and a 1 year high of $57.09. The firm’s 50 day moving average is $52.34 and its 200-day moving average is $48.98.

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.