AGL Energy (OTCMKTS:AGLNF) Trading Down 2.8% – Here’s What Happened

Shares of AGL Energy Limited (OTCMKTS:AGLNF) traded down 2.8% during mid-day trading on Thursday . The company traded as low as $6.0250 and last traded at $6.0250. 150 shares were traded during mid-day trading, a decline of 91% from the average session volume of 1,657 shares. The stock had previously closed at $6.20.

Analyst Ratings Changes

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

AGL Energy Trading Down 2.8%

The firm has a fifty day moving average price of $6.13 and a two-hundred day moving average price of $6.07.

About AGL Energy

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.