Morgan Stanley upgraded Tribune Media Company (NYSE:TRCO) to 'Equal Weight'

13 May, 2017, 10:28 | Author: Valerie Burke
  • How Analysts See Tribune Media Company (TRCO) Perform Over The Next Year?

Wall Street analysts had on average forecast a profit of 7 cents per share for Tribune Media in the latest quarter. The company has grown 10.23% in past 3 months and in the last five trades has moved down -1.07%. Looking at this figure it suggests that the shares of Tribune Media Company (TRCO) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Tribune Media Company (TRCO) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. This represents a $1.00 annualized dividend and a dividend yield of 2.42%. The company presently has a consensus rating of Hold and an average price target of $44.50. The ex-dividend date is Thursday, May 18th.

The company said net loss was $85.6 million, or 99 cents per share in the first quarter ended March 31, compared with a net income of $11.1 million, or 12 cents per share, a year earlier. The brokerage now has $43.50 target price on the stock, up from their previous target price of $37.00. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of $0.07 by $0.14. The high and low revenue estimates for the current quarter are $494.01 Million and $480.97 Million, respectively.

ILLEGAL ACTIVITY WARNING: "Tribune Media Co Announces Quarterly Dividend of $0.25 (trco)" was published by Transcript Daily and is owned by of Transcript Daily. The stock exchanged hands with 7.72 million shares contrast to its average daily volume of 2.49 million shares. Gabelli lowered Tribune Media from a "buy" rating to a "sell" rating in a report on Tuesday. The stock's 50 day moving average is $38.07 and its 200 day moving average is $34.77.

Tribune Media Co (NYSE:TRCO) traded at a yearly high level of $43.04 during the last trading session. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

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Tribune Media Company (NYSE:TRCO), stock is trading $43.04 above the 52-week high and has displayed a high EPS growth of -12.63% in last 5 years.

Maximum and minimum EPS estimate for the current quarter is projected at $0.53 and $0.43, respectively, according to 5 analysts. Wells Fargo & Co cut Tribune Media from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 20th. It has been suggested as "Buy Opinions" from 2 and 0 issued "Sell Thoughts" for the stock. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and worldwide trademark & copyright legislation. Tribune Media's payout ratio is -24.39%. The correct version of this report can be accessed at https://www.chaffeybreeze.com/2017/05/12/tribune-medias-trco-hold-rating-reaffirmed-at-jefferies-group-llc.html.

Bank Of Nova Scotia increased Chevron Corp New (NYSE:CVX) stake by 140,527 shares to 626,614 valued at $73.75 million in 2016Q4. Finally, Pinnacle Associates Ltd. purchased a new position in Tribune Media during the first quarter valued at approximately $15,153,000.

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