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.

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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.

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