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Tribune Media Company upgraded to Equal Weight By Morgan Stanley
13 May 2017, 10:32 | Frank Carlson
Tribune Media posts surprise quarterly loss
Shares of Tribune Media (NYSE:TRCO) traded down 1.62% during trading on Thursday, reaching $41.36. Its share price has risen 42.84% in three months and is up 6.19% for the last five trades. 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 dividend on an annualized basis and a dividend yield of 2.38%. The company now has a consensus rating of "Hold" and a consensus price target of $44.50. The ex-dividend date of this dividend is Thursday, May 18th. The stock has a consensus rating of Hold and a consensus price target of $44.50.
In its earnings report, Tribune said the TV division Q1 revenues hit $436 million, versus the $455.9 million hit in the first quarter of 2016. The business had revenue of $439.90 million during the quarter, compared to the consensus estimate of $450.18 million. Zacks Investment Research lowered shares of Tribune Media from a hold rating to a sell rating in a research note on Saturday, January 28th. The company's stock has a normal trading capacity of 2.10M shares while the relative volume is 3.68. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold. BWS Financial maintained it with "Buy" rating and $48 target in Monday, May 1 report.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 31.98%, and has a solid year to date (YTD) performance of 44.07% which means the stock is constantly adding to its value from the previous fiscal year end price. Share performance for the month is now at 11.45%.
Tribune Media Co (NYSE:TRCO) have shown a low EPS growth of -12.63% in the last 5 years and has earnings growth of 125.80% yoy.
HUDCO IPO oversubscribed 1.43 times in afternoon session HUDCO's net profit stood at Rs 496.29 crore on revenue from operations of Rs 2613.02 crore in nine months ended 31 December 2016. Analysts say the strong response from retail investors' category is due to the Rs 2 discount given to this category.
Tribune Media Company (NYSE:TRCO) ended its day at $42.04 with the rising stream of 0.53% and its total traded volume was 7.72 million shares more than the average volume. During the same period in the previous year, the firm posted $0.22 EPS. The firm has a market cap of $3.63 billion, a PE ratio of 266.82 and a beta of 1.44. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and global trademark & copyright legislation.
05/09/2017 - Tribune Media Co was upgraded to "equal weight" by analysts at Morgan Stanley. The original version of this piece can be accessed at https://transcriptdaily.com/2017/05/11/tribune-media-co-announces-quarterly-dividend-of-0-25-trco.html. Tribune Media's dividend payout ratio is now -24.39%. BNP Paribas Arbitrage SA boosted its position in Tribune Media by 16,110.8% in the first quarter.
01/21/2016 - Tribune Media Co had its "buy" rating reiterated by analysts at Evercore ISI. JPMorgan Chase & Co. raised its stake in Tribune Media by 7.0% in the first quarter.
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