ATCO (OTCMKTS:ACLLF) Shares Cross Above 50 Day Moving Average – Here’s What Happened

ATCO Ltd. (OTCMKTS:ACLLF)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $49.87 and traded as high as $50.3770. ATCO shares last traded at $50.3770, with a volume of 15,144 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ACLLF shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of ATCO in a research note on Thursday, May 7th. Scotiabank reiterated a “sector perform” rating on shares of ATCO in a research note on Thursday, May 7th. BMO Capital Markets reiterated an “outperform” rating on shares of ATCO in a research note on Thursday, May 7th. TD Securities reiterated a “hold” rating on shares of ATCO in a research note on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of ATCO in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

ATCO Stock Performance

The company’s 50 day simple moving average is $49.87 and its 200-day simple moving average is $45.13.

About ATCO

ATCO Ltd. is a diversified Canadian holding company headquartered in Calgary, Alberta, with operations spanning structures and logistics, utilities, energy, and retail energy services. Through its Structures & Logistics division, ATCO designs, manufactures and rents modular buildings, workforce housing and specialized structures for industrial, military and commercial clients. Its Utilities business encompasses electricity generation, transmission and distribution, as well as natural gas transmission and distribution networks that serve residential, commercial and industrial customers across multiple regions.

In its Energy division, ATCO develops and operates oil sands cold flow projects, power generation facilities and natural gas liquids pipelines, offering integrated solutions to the upstream and midstream sectors.