Transcontinental (OTCMKTS:TCLAF) Shares Up 3.8% – Here’s Why

Transcontinental Inc. (OTCMKTS:TCLAF)’s share price shot up 3.8% during trading on Tuesday . The company traded as high as $4.07 and last traded at $3.61. 94,105 shares traded hands during trading, an increase of 132% from the average session volume of 40,525 shares. The stock had previously closed at $3.4780.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. National Bank Financial reaffirmed an “outperform” rating on shares of Transcontinental in a report on Tuesday, December 9th. Royal Bank Of Canada reissued an “outperform” rating on shares of Transcontinental in a report on Friday, December 12th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Transcontinental in a research note on Tuesday, December 9th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Transcontinental Price Performance

The business’s 50 day moving average is $16.46 and its 200-day moving average is $15.40.

Transcontinental Company Profile

Transcontinental Inc is a Canada-based company specializing in printing and flexible packaging solutions. Through its print segment, the company provides commercial printing, specialty media and label products for a range of industries, including publishing, retail and healthcare. Its flexible packaging segment designs and manufactures printed and laminated films, pouches, wrappers and labels used primarily in food and beverage, personal care, home care and pharmaceutical markets.

Founded in 1976 by Rémi Marcoux, Transcontinental has evolved from a regional printing operation into one of North America’s largest printers and a leading flexible-packaging manufacturer.