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TransAlta (NYSE:TAC) was upgraded by investment analysts at TheStreet from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

The analysts wrote, “TransAlta (TAC) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally higher debt management risk.”

Shares of TransAlta (NYSE:TAC) traded up 1.48% during mid-day trading on Wednesday, hitting $12.32. 146,075 shares of the company’s stock traded hands. TransAlta has a one year low of $11.20 and a one year high of $14.75. The stock has a 50-day moving average of $12.00 and a 200-day moving average of $12.18. The company’s market cap is $3.349 billion.

TransAlta (NYSE:TAC) last announced its earnings results on Tuesday, April 29th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.10 by $0.07. On average, analysts predict that TransAlta will post $0.37 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on TAC. Analysts at National Bank Financial reiterated a “sector perform” rating on shares of TransAlta in a research note on Monday, May 5th. Separately, analysts at Canaccord Genuity initiated coverage on shares of TransAlta in a research note on Monday, May 5th. They set a “buy” rating on the stock. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of TransAlta in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $13.50.

TransAlta Corporation (NYSE:TAC), is engaged in the production and sale of electric energy.

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