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

AGL Energy Limited (OTCMKTS:AGLNF)’s share price dropped 2.8% during mid-day trading on Thursday . The company traded as low as $6.0250 and last traded at $6.0250. Approximately 150 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 1,657 shares. The stock had previously closed at $6.20.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised shares of AGL Energy from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, December 3rd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

AGL Energy Stock Down 2.8%

The firm’s fifty day moving average is $6.13 and its two-hundred day moving average is $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.