Citigroup Cuts Rating On TravelCenters of America LLC (TA)

TravelCenters of America

Citigroup Cuts Rating On TravelCenters of America LLC (TA)

Zacks Investment Research's price objective would indicate a potential upside of 12.15% from the company's current price. In addition, the company provides RoadSquad, a roadside truck service; RoadSquad Connect, a centralized call center; RoadSquad OnSite, a truck and trailer fix service at customer facilities; and Reserve-It!, a parking program, as well as operates travel and convenience stores that offer packaged food and snack items, beverages, non-prescription drug and beauty supplies, batteries, automobile accessories, tobacco products, and music and video products. Citigroup Inc. lowered TravelCenters of America from a buy rating to a sell rating in a research note on Wednesday.

Shares of TravelCenters of America (NYSE TA) traded down 6.36% during trading on Wednesday, reaching $5.01. 472,960 shares of the company were exchanged. The stock's market cap is $192.84 million. TravelCenters of America has a one year low of $2.95 and a one year high of $7.75.

TravelCenters of America LLC has a 50 day moving average of 3.97 and a 200 day moving average of 4.41.

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TravelCenters of America (NYSE:TA) last posted its quarterly earnings data on Tuesday, August 8th. The specialty retailer reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.55 billion. The company's quarterly revenue was up 4.8% compared to the same quarter a year ago. During the same period in the previous year, the company posted $0.09 EPS.

The 14-day ADX for Travelcenters of America Llc (TANNL) is standing at 21.93. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of worldwide trademark & copyright laws. The original version of this story can be viewed at

A number of large investors have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its holdings in TravelCenters of America by 13.9% during the 1st quarter. Ubs Group Ag cut its investment by selling 2,132 shares a decrease of 53.4%.

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05/18/2015 - TravelCenters of America LLC was downgraded to "hold" by analysts at Zacks. Royce & Associates LP now owns 1,849,710 shares of the specialty retailer's stock worth $11,283,000 after buying an additional 64,889 shares during the last quarter. Signia Capital Management LLC boosted its stake in TravelCenters of America by 494.1% in the 2nd quarter. Menta Capital LLC now owns 30,113 shares of the specialty retailer's stock valued at $184,000 after purchasing an additional 12,505 shares during the last quarter.

TravelCenters of America LLC operates and franchises travel center, and standalone convenience store and restaurant locations in the United States and Canada. The Company's segments include travel centers, convenience stores, and corporate and other. The company offers diesel fuel and gasoline, and diesel exhaust fluid; and operates full service restaurants and quick service restaurants (QSRs).

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