CIBC Upgrades Transcontinental (OTCMKTS:TCLAF) to “Outperform”

Transcontinental (OTCMKTS:TCLAF – Get Rating) was upgraded by equities researchers at CIBC from a “neutral” rating to an “outperform” rating in a report issued on Thursday, The Fly reports.

Other analysts have also issued research reports about the company. National Bank Financial lowered Transcontinental from an “outperform” rating to a “sector perform” rating in a report on Wednesday, March 8th. Royal Bank of Canada cut their price target on Transcontinental from C$23.00 to C$19.00 in a report on Thursday, March 9th. Finally, BMO Capital Markets cut their price target on Transcontinental from C$20.00 to C$17.00 in a report on Thursday, March 9th.

Transcontinental Price Performance

Shares of TCLAF opened at $8.88 on Thursday. Transcontinental has a one year low of $8.88 and a one year high of $14.72. The business has a fifty day moving average of $10.96 and a 200 day moving average of $11.63.

About Transcontinental

(Get Rating)

Transcontinental, Inc engages in the provision of print and digital media, flexible packaging, and publishing services. It operates through the following business segments: Printing Sector, Packaging Sector, and Other. The Printing Sector offers premedia services, flyer and in-store marketing product printing, door-to-door distribution, print solutions, and personalized and mass marketing products.