Torstar Co. (TSE:TS.B) rose 6.9% during trading on Friday . The company traded as high as C$1.43 and last traded at C$1.39. Approximately 279,381 shares traded hands during mid-day trading, an increase of 680% from the average daily volume of 35,822 shares. The stock had previously closed at C$1.30.
TS.B has been the topic of a number of research reports. TD Securities lowered their price target on shares of Torstar from C$2.25 to C$2.00 and set a “hold” rating on the stock in a report on Thursday, August 3rd. Royal Bank Of Canada lowered their target price on shares of Torstar from C$3.00 to C$2.00 and set a “sector perform” rating on the stock in a report on Thursday, November 2nd.
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Torstar Corporation is a Canada-based media company. The Company operates through there segments: Metroland Media Group (MMG), Star Media Group (SMG) and Digital Ventures. MMG publishes The Hamilton Spectator and the Waterloo Region Record daily newspapers and over 100 weekly community newspapers and has a number of specialty publications, directories, consumer shows, distribution operations and digital properties (including homefinder.ca, save.ca, travelalerts.ca, wagjag.com (WagJag) and the regional online sites, such as durhamregion.ca).
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