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

Shares of AltaGas Ltd. (OTCMKTS:ATGFF) have received a consensus recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy rating.

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

AltaGas Price Performance

Shares of ATGFF stock opened at $37.44 on Monday. The company’s 50-day moving average price is $38.21 and its 200-day moving average price is $37.72. AltaGas has a twelve month low of $28.13 and a twelve month high of $40.62.

About AltaGas

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.