Transcontinental (OTCMKTS:TCLAF) Trading 1.3% Higher – Here’s Why

Transcontinental Inc. (OTCMKTS:TCLAF)’s share price traded up 1.3% during trading on Monday . The company traded as high as $16.93 and last traded at $16.92. 18,624 shares changed hands during trading, an increase of 41% from the average session volume of 13,193 shares. The stock had previously closed at $16.70.

Analyst Upgrades and Downgrades

TCLAF has been the topic of several research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Transcontinental in a research report on Friday, December 12th. Scotiabank reaffirmed a “sector perform” rating on shares of Transcontinental in a research note on Tuesday, December 9th. Finally, National Bankshares reiterated an “outperform” rating on shares of Transcontinental in a report on Tuesday, December 9th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Transcontinental Stock Performance

The stock’s 50 day moving average is $15.95 and its two-hundred day moving average is $14.83.

About Transcontinental

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.