ATCO Ltd. (OTCMKTS:ACLLF) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of ATCO Ltd. (OTCMKTS:ACLLF) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company.

A number of equities research analysts have weighed in on the stock. TD Securities upgraded shares of ATCO from a “hold” rating to a “buy” rating in a research note on Wednesday. Scotiabank restated a “sector perform” rating on shares of ATCO in a research note on Tuesday, July 21st. BMO Capital Markets reaffirmed an “outperform” rating on shares of ATCO in a report on Thursday, July 30th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of ATCO in a research report on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of ATCO in a research note on Friday, July 17th.

ATCO Stock Performance

Shares of OTCMKTS ACLLF opened at $57.57 on Monday. The business has a fifty day simple moving average of $53.56 and a 200 day simple moving average of $52.02. ATCO has a one year low of $36.00 and a one year high of $58.91.

About ATCO

ATCO Ltd. is a Canadian diversified infrastructure and services company headquartered in Calgary, Alberta. Through its businesses and operating subsidiaries, the company provides utility infrastructure, energy services, modular buildings, workforce accommodations, logistics, and facility-management solutions to customers in Canada and international markets.

ATCO’s principal activities include electricity and natural gas transmission and distribution, energy infrastructure, and related utility services.