TransAlta (TAC) Receives Daily News Sentiment Score of 0.15
Headlines about TransAlta (NYSE:TAC) (TSE:TA) have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TransAlta earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 47.1922126148248 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern’s analysis:
- TransAlta Co. (TAC) Stake Increased by Arrowstreet Capital Limited Partnership (americanbankingnews.com)
- TransAlta Co. (TAC) Holdings Boosted by Mackenzie Financial Corp (americanbankingnews.com)
- TransAlta Corporation to Host Earnings Call (finance.yahoo.com)
- TransAlta Reports Fourth Quarter and Full Year 2017 Results (finance.yahoo.com)
- TransAlta reports 4Q loss (finance.yahoo.com)
TransAlta (NYSE:TAC) opened at $5.75 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.07 and a quick ratio of 0.92. The firm has a market capitalization of $1,655.44, a P/E ratio of -11.50 and a beta of 0.58. TransAlta has a one year low of $5.00 and a one year high of $6.60.
A number of brokerages recently issued reports on TAC. ValuEngine raised TransAlta from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Scotiabank raised TransAlta from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, February 28th. Finally, Zacks Investment Research lowered TransAlta from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.00.
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TransAlta Company Profile
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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