Tribune Media Co (TRCO) Given "Hold" Rating at Jefferies Group LLC

Tribune Media Co (TRCO) Given

For now, Tribune Media Company is the toast of Wall Street as its ABR stands at 2.90 with 0 out of 6 analysts rating the stock a buy. JPMorgan Chase & Co. now owns 6,339,456 shares of the company's stock valued at $236,272,000 after buying an additional 415,009 shares during the last quarter. The SI to Tribune Media Company Class A's float is 4.13%. And it remains to be seen which target price TRCO can achieve without sacrificing much as the company is holding a 29.49% gain for the past twelve months. The ex-dividend date of this dividend is Thursday, May 18th. The stock ended last trade at $79.46 a share and the price is up more than 8.85% so far this year. It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. For the quarter, shares have been noted at 42.84%.

Television and Entertainment Adjusted EBITDA was $75.2 million for the first quarter of 2017 compared to $116 million in the first quarter of 2016, a decrease of $40.8 million, or 35%, primarily due to lower advertising revenues as well as increased programming expenses, as described above.

WARNING: "Tribune Media Co (TRCO) Upgraded at Morgan Stanley" was posted by Sports Perspectives and is the property of of Sports Perspectives. A total of 2.55 million shares exchanged hands as contrast to its average trading volume of 2.58 million shares.

According to the the latest analyst ratings which have been released, 0 brokers have issued a rating of "buy", 1 brokers "outperform", 5 brokers "hold", 0 brokers "underperform" and 0 brokers "sell".

05/01/2017 - Tribune Media Co had its "buy" rating reiterated by analysts at BWS Financial.

The company's 50 day moving average is 37.81 and its 200 day moving average is 34.66.

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Tribune Media expects full-year revenue in the range of $1.87 billion to $1.92 billion. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 267.77 and a beta of 1.44.

USA broadcaster Tribune Media Co, which agreed to be bought by Sinclair Broadcast Group Inc, reported a loss in the first quarter, compared to a profit a year earlier, hurt partly by lower ad revenue from its TV and entertainment business. During the same quarter past year, the business earned $0.22 EPS.

Tribune Media Company (NYSE:TRCO), stock is trading $43.04 above the 52-week high and has displayed a high EPS growth of -12.63% in last 5 years. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and worldwide trademark & copyright law. Stockholders of record on Monday, May 22nd will be paid a $0.25 dividend. Tribune Media Company P/E (price to earnings) ratio is 42.76 and Forward P/E ratio of 19.2.

Several hedge funds have recently modified their holdings of TRCO.

01/21/2016 - Tribune Media Co had its "buy" rating reiterated by analysts at Evercore ISI. Oxbow Advisors LLC boosted its position in shares of Tribune Media by 0.5% in the first quarter. First Command Bank bought a new stake in shares of Tribune Media during the fourth quarter valued at about $121,000.

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