Shares of Tribune (NYSE:TRCO) have been given an average recommendation of “Hold” by the six research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $40.00.

Several analysts recently commented on TRCO shares. ValuEngine upgraded Tribune from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Zacks Investment Research upgraded Tribune from a “hold” rating to a “strong-buy” rating and set a $44.00 price target for the company in a research report on Tuesday, September 25th. Finally, Evercore ISI started coverage on Tribune in a research report on Tuesday, July 31st. They set a “buy” rating and a $40.00 price target for the company.

Tribune stock opened at $38.57 on Monday. The company has a market capitalization of $3.38 billion, a PE ratio of 27.35 and a beta of 1.06. Tribune has a 12 month low of $31.61 and a 12 month high of $43.71. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.35 and a quick ratio of 3.24.

Tribune (NYSE:TRCO) last posted its quarterly earnings data on Friday, November 9th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.08. The business had revenue of $498.00 million during the quarter, compared to analysts’ expectations of $481.79 million. Tribune had a return on equity of 7.72% and a net margin of 31.69%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. As a group, equities analysts predict that Tribune will post 3.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 19th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Friday, November 16th. Tribune’s payout ratio is 70.92%.

Several institutional investors and hedge funds have recently modified their holdings of TRCO. Baupost Group LLC MA grew its holdings in Tribune by 100.1% in the 3rd quarter. Baupost Group LLC MA now owns 5,996,042 shares of the company’s stock valued at $230,428,000 after buying an additional 3,000,000 shares in the last quarter. Soros Fund Management LLC purchased a new stake in Tribune in the 3rd quarter valued at $61,488,000. Prudential Financial Inc. purchased a new stake in Tribune in the 3rd quarter valued at $60,019,000. Citadel Advisors LLC purchased a new stake in Tribune in the 3rd quarter valued at $42,445,000. Finally, Natixis grew its holdings in Tribune by 48.6% in the 2nd quarter. Natixis now owns 3,235,795 shares of the company’s stock valued at $123,834,000 after buying an additional 1,058,048 shares in the last quarter. Hedge funds and other institutional investors own 95.24% of the company’s stock.

Tribune 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, MY television affiliates, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment cable network.

Read More: How much money do you need to begin day trading?

Receive News & Ratings for Tribune Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tribune and related companies with MarketBeat.com's FREE daily email newsletter.