Tribune Media Company (TRCO) Stock Rating Lowered by BidaskClub

Tribune Media Company (NYSE:TRCO) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Monday.

TRCO has been the subject of several other reports. Deutsche Bank AG started coverage on Tribune Media in a research note on Friday, October 20th. They issued a “hold” rating and a $42.00 price objective for the company. Zacks Investment Research lowered Tribune Media from a “hold” rating to a “strong sell” rating in a research note on Saturday. Finally, Jefferies Group LLC restated a “hold” rating and issued a $42.00 price objective on shares of Tribune Media in a research note on Monday, August 14th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Tribune Media has a consensus rating of “Hold” and a consensus price target of $43.88.

Tribune Media (NYSE TRCO) opened at 40.75 on Monday. Tribune Media has a 12-month low of $27.75 and a 12-month high of $43.04. The stock has a 50 day moving average price of $40.50 and a 200-day moving average price of $40.11. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 73.42 and a beta of 1.53.

Tribune Media (NYSE:TRCO) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.07). The company had revenue of $469.50 million during the quarter, compared to analysts’ expectations of $472.56 million. Tribune Media had a return on equity of 4.38% and a net margin of 2.49%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. Equities analysts predict that Tribune Media will post $1.25 EPS for the current fiscal year.

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Institutional investors have recently modified their holdings of the stock. Nationwide Fund Advisors bought a new position in Tribune Media in the 1st quarter worth $103,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tribune Media by 9.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,097 shares of the company’s stock worth $126,000 after buying an additional 272 shares during the period. Sei Investments Co. boosted its holdings in Tribune Media by 237.1% in the 1st quarter. Sei Investments Co. now owns 5,370 shares of the company’s stock worth $200,000 after buying an additional 3,777 shares during the period. Mizuho Securities USA LLC bought a new position in Tribune Media in the 2nd quarter worth $204,000. Finally, Bluefin Trading LLC bought a new position in Tribune Media in the 2nd quarter worth $204,000. 97.01% of the stock is owned by institutional investors.

Tribune Media Company Profile

Tribune Media Company, through its subsidiaries, operates as a media and entertainment company in the United States. It offers news, entertainment, and sports programming through Tribune Broadcasting local television stations, including FOX television affiliates, CW Network, LLC television affiliates, CBS television affiliates, ABC television affiliates, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment cable network.

Analyst Recommendations for Tribune Media (NYSE:TRCO)

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