ATB Cormark Capital Markets Reaffirms Their Buy Rating on Transcontinental (TCL.A)

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In addition to ATB Cormark Capital Markets, Transcontinental also received a Buy from CIBC’s Hamir Patel in a report issued yesterday. However, on June 4, BMO Capital reiterated a Hold rating on Transcontinental (TSX: TCL.A).

Based on Transcontinental’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of C$263.5 million and a net profit of C$29.7 million. In comparison, last year the company earned a revenue of C$643 million and had a net profit of C$55.6 million

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is neutral on the stock.