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

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

A number of equities research analysts have recently issued reports on ATGFF shares. TD Securities restated a “buy” rating on shares of AltaGas in a research report on Friday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating on shares of AltaGas in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of AltaGas in a research note on Friday, July 31st. BMO Capital Markets restated an “outperform” rating on shares of AltaGas in a report on Friday, July 31st. Finally, Scotiabank reaffirmed an “outperform” rating on shares of AltaGas in a research note on Tuesday, July 21st.

AltaGas Trading Up 1.1%

ATGFF stock opened at $37.44 on Monday. AltaGas has a 12 month low of $28.13 and a 12 month high of $40.62. The firm has a 50-day moving average of $38.21 and a two-hundred day moving average of $37.71.

AltaGas Company Profile

AltaGas Ltd. (OTCMKTS:ATGFF) is a Canadian energy infrastructure company headquartered in Calgary, Alberta. Its operations are organized around two principal businesses: utilities and midstream. Through its utilities segment, AltaGas provides regulated natural gas distribution and electricity services, primarily serving customers in Alberta and other Canadian markets.

AltaGas’ midstream business supports the production, processing, storage, transportation and export of natural gas and natural gas liquids.