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Published: Sun, May 14, 2017
Economy | By Melissa Porter

Tribune Media Co (TRCO) Upgraded at Morgan Stanley

Tribune Media Co (TRCO) Upgraded at Morgan Stanley

AlphaOne also assigned news articles about the company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term.

The company is expected to report earnings of $0.07 a share for the next quarter. The SI to Tribune Media Company Class A's float is 4.13%. Wells Fargo & Co downgraded Tribune Media from an "outperform" rating to a "market perform" rating in a report on Thursday, April 20th. If the company has a ratings score of 1, this would represent a Strong Buy. Morgan Stanley raised Tribune Media from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $37.00 to $43.50 in a research report on Tuesday. The ex-dividend date of this dividend is Thursday, May 18th.

The Chicago-based media company, which owns TV stations and cable network WGN America, recorded a first-quarter loss of $85.5 million, or 99 cents per share, compared with a profit of $11.1 million, or 12 cents per share, in the year-ago period.

The stock added in the prior trading session by 0.53%, closing at the stock price of $42.04.

Tribune Media Company (TRCO) will report its next earnings on May 10 BMO.

The High Revenue estimate is predicted as 487.09 Million, while the Low Revenue Estimate prediction stands at 470.1 Million.

The consensus recommendation, according to Zacks Investment research, is 3.5. A total of 22.68 million shares exchanged at hands and its average trading volume is standing at 22.24 million shares. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold. Gabelli lowered shares of Tribune Media from a "buy" rating to a "sell" rating in a research note on Tuesday. The stock's 50 day moving average price is $38.07 and its 200-day moving average price is $34.77.

Tribune Media Company (NYSE:TRCO) is expected to grow its earnings 46.5% over the next year. The business's revenue for the quarter was down 6.1% compared to the same quarter a year ago. Still, revenues for Tribune's television and media segment revenues fell 4% to $436 million during the quarter because of a $17.7 million decrease in net core advertising revenue and a $13.7 million decrease in net political advertising revenue.

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Tribune Media Co (NYSE:TRCO). The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 267.77 and a beta of 1.44. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & global copyright and trademark legislation. Tribune Media's dividend payout ratio is presently -24.39%. They are projecting Next Quarter growth of 16.7%. Morgan Stanley boosted its position in Tribune Media by 181.2% in the third quarter. The correct version of this article can be read at https://www.themarketsdaily.com/2017/05/12/gabelli-lowers-tribune-media-co-trco-to-sell.html. First Command Bank bought a new stake in shares of Tribune Media during the fourth quarter valued at about $121,000.

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