Shares of Thomson Reuters Co. (TSE:TRI – Get Rating) (NYSE:TRI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$163.00 and traded as high as C$168.08. Thomson Reuters shares last traded at C$167.39, with a volume of 264,019 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. National Bankshares upgraded shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating and set a C$184.00 price target for the company in a research report on Tuesday, May 9th. TD Securities raised their price objective on shares of Thomson Reuters from C$175.00 to C$185.00 and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. National Bank Financial raised shares of Thomson Reuters from a “sector perform” rating to an “outperform” rating in a research note on Sunday, May 7th. Finally, BMO Capital Markets raised their price objective on shares of Thomson Reuters from C$182.00 to C$184.00 in a research note on Wednesday, May 3rd.
Thomson Reuters Price Performance
The stock has a market capitalization of C$79.66 billion, a PE ratio of 54.21, a PEG ratio of 3.00 and a beta of 0.27. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 37.20. The company’s 50 day simple moving average is C$172.57 and its 200 day simple moving average is C$163.03.
Thomson Reuters Cuts Dividend
Thomson Reuters Company Profile
Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.
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