AltaGas Ltd. (OTCMKTS:ATGFF) Given Consensus Rating of “Buy” by Analysts

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

A number of research analysts have recently issued reports on the stock. Scotiabank restated an “outperform” rating on shares of AltaGas in a research report on Friday, May 1st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of AltaGas in a research report on Friday, May 1st. TD Securities reissued a “buy” rating on shares of AltaGas in a research note on Friday, May 1st. BMO Capital Markets restated an “outperform” rating on shares of AltaGas in a report on Friday, May 1st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of AltaGas in a research report on Friday, May 1st.

AltaGas Stock Performance

Shares of ATGFF stock opened at $39.29 on Tuesday. The business’s 50 day simple moving average is $36.31 and its 200 day simple moving average is $32.94. AltaGas has a one year low of $27.32 and a one year high of $39.30.

About AltaGas

AltaGas Ltd. is a North American energy infrastructure company engaged in the ownership, operation and development of diversified assets across natural gas, natural gas liquids (NGL), electricity and utility businesses. Its midstream operations include gathering, processing, and transporting natural gas, as well as fractionation and storage of NGLs. In the power segment, AltaGas develops and operates natural gas‐fired power plants and small hydroelectric facilities, providing reliable electricity to regional markets.