Equities research analysts at Wolfe Research began coverage on shares of Tribune (NYSE:TRCO) in a research note issued to investors on Friday, The Fly reports. The firm set an “underperform” rating and a $44.00 price target on the stock. Wolfe Research’s price objective would suggest a potential downside of 2.20% from the stock’s current price.

Other research analysts have also issued reports about the stock. ValuEngine upgraded shares of Tribune from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. FinnCap started coverage on shares of Tribune in a research note on Tuesday, November 27th. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Tribune from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, Gabelli started coverage on shares of Tribune in a research note on Tuesday, November 27th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.67.

Shares of NYSE:TRCO opened at $44.99 on Friday. Tribune has a 12 month low of $31.61 and a 12 month high of $45.15. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.85. The firm has a market cap of $3.94 billion, a P/E ratio of 31.91, a P/E/G ratio of 1.44 and a beta of 1.03.

Tribune (NYSE:TRCO) last announced its quarterly earnings results on Friday, November 9th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.08. Tribune had a net margin of 31.69% and a return on equity of 7.72%. The firm had revenue of $498.00 million for the quarter, compared to analyst estimates of $481.79 million. During the same period last year, the business earned $0.31 EPS. Tribune’s revenue for the quarter was up 10.5% compared to the same quarter last year. Equities analysts expect that Tribune will post 3.35 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of TRCO. Royal Bank of Canada increased its stake in Tribune by 813.2% in the first quarter. Royal Bank of Canada now owns 2,977 shares of the company’s stock valued at $121,000 after purchasing an additional 2,651 shares during the period. NumerixS Investment Technologies Inc increased its stake in Tribune by 170.1% in the second quarter. NumerixS Investment Technologies Inc now owns 3,782 shares of the company’s stock valued at $144,000 after purchasing an additional 2,382 shares during the period. Laurion Capital Management LP acquired a new position in Tribune in the third quarter valued at $207,000. Standard Life Aberdeen plc acquired a new position in Tribune in the second quarter valued at $267,000. Finally, Penn Capital Management Co. Inc. acquired a new position in Tribune in the third quarter valued at $310,000. Institutional investors own 93.71% of the company’s stock.

About Tribune

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.

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The Fly

Analyst Recommendations for Tribune (NYSE:TRCO)

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