Transat A.T. (OTCMKTS:TRZBF) Stock Price Up 6.6% – Here’s Why

Shares of Transat A.T. Inc. (OTCMKTS:TRZBF) were up 6.6% during mid-day trading on Thursday . The company traded as high as $1.93 and last traded at $1.93. Approximately 3,300 shares traded hands during mid-day trading, an increase of 146% from the average daily volume of 1,343 shares. The stock had previously closed at $1.81.

Analyst Upgrades and Downgrades

Separately, TD Securities downgraded Transat A.T. from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Transat A.T. has a consensus rating of “Reduce”.

Transat A.T. Trading Up 6.6%

The stock has a fifty day simple moving average of $1.91 and a 200-day simple moving average of $1.85.

Transat A.T. Company Profile

Transat A.T. Inc is a Canada-based integrated holiday travel group operating both as a tour operator and as an airline. Headquartered in Montreal, the company combines its airline subsidiary with retail and wholesale travel services to deliver packaged vacations, charter flights, and specialized travel solutions. Transat’s business model is built on vertical integration, allowing it to control key elements of the customer experience from booking to in-flight service.

Through its airline subsidiary, Air Transat, the company operates scheduled passenger flights between Canada and destinations in Europe, the Caribbean, Mexico and the United States.