AltaGas Ltd. (OTCMKTS:ATGFF) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of AltaGas Ltd. (OTCMKTS:ATGFF) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company.

Several research analysts have recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating on shares of AltaGas in a research note on Friday, July 31st. TD Securities reaffirmed a “buy” rating on shares of AltaGas in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce downgraded AltaGas from an “outperform” rating to a “neutral” rating in a report on Thursday, October 22nd. Scotiabank reissued an “outperform” rating on shares of AltaGas in a research report on Tuesday, July 21st. Finally, BMO Capital Markets restated an “outperform” rating on shares of AltaGas in a research note on Friday, July 31st.

AltaGas Stock Up 0.2%

ATGFF stock opened at $40.13 on Friday. AltaGas has a 12-month low of $28.13 and a 12-month high of $41.71. The stock’s 50 day simple moving average is $38.44 and its 200 day simple moving average is $36.65.

AltaGas Company Profile

AltaGas Ltd. is a Canadian energy infrastructure company involved in the transportation, storage, processing and distribution of natural gas and other energy products. Its operations are organized around two primary businesses: Utilities and Midstream. The company develops and operates infrastructure that connects energy supplies with residential, commercial, industrial and export markets.

AltaGas’ midstream activities include natural gas gathering and processing, natural gas liquids extraction, fractionation, storage and transportation.