AGL Energy (OTCMKTS:AGLNF) Stock Price Up 12% – What’s Next?

Shares of AGL Energy Limited (OTCMKTS:AGLNF) traded up 12% during trading on Monday . The company traded as high as $7.17 and last traded at $7.17. 451 shares changed hands during trading, a decline of 64% from the average session volume of 1,270 shares. The stock had previously closed at $6.40.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upgraded shares of AGL Energy from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

AGL Energy Stock Up 12.0%

The company has a fifty day simple moving average of $6.25 and a 200 day simple moving average of $6.05.

AGL Energy Company Profile

AGL Energy, originally founded in 1837 as the Australian Gas Light Company, is one of Australia’s longest-standing energy enterprises. Today, the company operates as an integrated energy provider, offering electricity and natural gas to residential, commercial and industrial customers across New South Wales, Victoria, South Australia, Queensland and the Australian Capital Territory.

Alongside its retail supply business, AGL manages a diverse portfolio of electricity generation assets. Historically, this has included coal-fired power stations such as Loy Yang and Bayswater, complemented by a growing array of wind, solar and hydroelectric projects.