Somewhat Favorable Media Coverage Somewhat Unlikely to Impact TransAlta Corporation (TAC) Stock Price

Headlines about TransAlta Corporation (NYSE:TAC) (TSE:TA) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TransAlta Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 47.0931602766324 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

TAC has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of TransAlta Corporation from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Tuesday, August 15th. BidaskClub lowered shares of TransAlta Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Six investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $7.00.

Shares of TransAlta Corporation (TAC) traded down 0.83% during trading on Friday, reaching $6.00. 9,219 shares of the company’s stock traded hands. The company has a 50 day moving average price of $6.03 and a 200 day moving average price of $5.93. TransAlta Corporation has a 1-year low of $3.75 and a 1-year high of $6.60. The stock has a market capitalization of $1.73 billion, a PE ratio of 67.42 and a beta of 0.71.

COPYRIGHT VIOLATION WARNING: This article was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at

About TransAlta Corporation

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.

Insider Buying and Selling by Quarter for TransAlta Corporation (NYSE:TAC)

What are top analysts saying about TransAlta Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for TransAlta Corporation and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit