News articles about Tribune Media (NYSE:TRCO) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tribune Media earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.4400685735448 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Tribune Media (TRCO) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Social media companies should ditch clickbait, and compete over trustworthiness (bismarcktribune.com)
- Capital-Journal publisher Ahrens joining Missouri company (sfgate.com)
- Former Tampa Tribune owner offers $5.75M for Boston Herald (tbo.com)
- West Palm lawyer who represented Prince sues over media depiction (mypalmbeachpost.com)
Tribune Media (TRCO) remained flat at $$41.87 during midday trading on Friday. 839,679 shares of the company traded hands, compared to its average volume of 1,087,600. Tribune Media has a fifty-two week low of $27.75 and a fifty-two week high of $43.04. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.01. The company has a market cap of $3,660.00, a P/E ratio of -60.68, a price-to-earnings-growth ratio of 8.24 and a beta of 1.73.
Several research firms have recently issued reports on TRCO. Zacks Investment Research lowered shares of Tribune Media from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 21st. Deutsche Bank began coverage on shares of Tribune Media in a research report on Friday, October 20th. They issued a “hold” rating and a $42.00 price target on the stock. Finally, BidaskClub raised shares of Tribune Media from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $44.70.
In related news, insider Tribune L.P. Oaktree sold 7,000,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $40.36, for a total transaction of $282,520,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.55% of the company’s stock.
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About Tribune Media
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.
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