Transat A.T. (OTCMKTS:TRZBF) Stock Price Up 10.9% – Time to Buy?

Transat A.T. Inc. (OTCMKTS:TRZBF) shot up 10.9% on Tuesday . The stock traded as high as $1.43 and last traded at $1.43. 100 shares traded hands during trading, a decline of 96% from the average session volume of 2,256 shares. The stock had previously closed at $1.29.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TRZBF shares. Canadian Imperial Bank of Commerce restated an “underperform” rating on shares of Transat A.T. in a research note on Monday, August 24th. Scotiabank reaffirmed an “underperform” rating on shares of Transat A.T. in a research note on Friday, September 11th. Finally, National Bank Financial lowered Transat A.T. from a “sector perform” rating to an “underperform” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Sell”.

Transat A.T. Stock Performance

The company’s fifty day simple moving average is $1.67 and its two-hundred day simple moving average is $1.80.

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.