TransAlta (NYSE:TAC) (TSE:TA) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
Other analysts also recently issued research reports about the company. Scotiabank upgraded TransAlta from a “sector perform” rating to an “outperform” rating in a research note on Wednesday. Zacks Investment Research downgraded TransAlta from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. TransAlta presently has an average rating of “Hold” and a consensus price target of $7.00.
TransAlta (TAC) traded up $0.30 on Wednesday, hitting $5.55. The stock had a trading volume of 102,852 shares, compared to its average volume of 28,781. The company has a market cap of $1,511.47, a P/E ratio of 111.02 and a beta of 0.64. TransAlta has a 52 week low of $5.00 and a 52 week high of $6.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.92 and a current ratio of 1.07.
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TransAlta Company Profile
TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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