TRANSAT AT (TSE:TRZ) was downgraded by analysts at Desjardins from a “buy” rating to a “hold” rating in a research note issued on Friday, Zacks.com reports.
A number of other brokerages have also issued reports on TRZ. National Bank Financial raised their price objective on shares of TRANSAT AT from C$8.50 to C$13.00 and gave the company a “sector perform” rating in a report on Friday. TD Securities dropped their price objective on shares of TRANSAT AT from C$15.00 to C$11.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Finally, CIBC dropped their price objective on shares of TRANSAT AT from C$7.00 to C$6.00 in a report on Friday, March 15th.
Shares of TSE TRZ opened at C$11.99 on Friday. The company has a market capitalization of $450.88 million and a P/E ratio of -10.55. TRANSAT AT has a 1 year low of C$4.50 and a 1 year high of C$12.50.
TRANSAT AT Company Profile
Transat A.T. Inc operates as an integrated tour operator in the Americas and Europe. It develops and markets holiday travel services in packages, including air travel and hotel stays, and air-only formats to 60 destinations in approximately 25 in the Americas and Europe. The company also operates as an outgoing tour operator to purchase various components of a trip locally or abroad and sell them separately or in packages to consumers in their local markets, through travel agencies, or through the Web.
Read More: What are municipal bonds?
Receive News & Ratings for TRANSAT AT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRANSAT AT and related companies with MarketBeat.com's FREE daily email newsletter.