Transcontinental (TCL) Raised to Outperform Market Weight at National Bank Financial

Transcontinental (TSE:TCL) was upgraded by stock analysts at National Bank Financial from a “sector perform market weight” rating to an “outperform market weight” rating in a research report issued on Wednesday, September 12th.

Shares of TCL stock traded up C$0.12 during trading hours on Wednesday, hitting C$27.38. 43,613 shares of the company’s stock were exchanged, compared to its average volume of 140,806. Transcontinental has a 52 week low of C$23.27 and a 52 week high of C$31.95.

Transcontinental (TSE:TCL) last announced its earnings results on Thursday, September 6th. The company reported C$0.59 EPS for the quarter, missing the consensus estimate of C$0.76 by C($0.17). The business had revenue of C$757.90 million for the quarter. Transcontinental had a return on equity of 24.83% and a net margin of 13.92%.

Transcontinental Company Profile

Transcontinental Inc is a Canada-based printing company. The Company has operations in print, flexible packaging, publishing and digital media, both in Canada and the United States. The Company’s segments include the Printing and Packaging Sector, and the Media Sector. The Printing and Packaging Sector includes the manufacturing activities of the Company, and generates revenues from various activities, such as the printing of retail flyers, magazines, newspapers, color books, personalized and mass marketing products, and the production of flexible packaging solutions in Canada and the United States.

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