Analyst Ratings for Tribune Media Co. Cl A (TRCO)Updated: 2017-07-26
Tribune Media Co. Cl A (NYSE:TRCO) was awarded an average rating of Hold from investment analysts following the stock. TRCO had previously received a consensus rating of Hold a month ago.
Of the 6 analysts covering the stock, 0 gave it a buy rating, 0 gave an overweight rating, 5 issued a hold rating, 0 gave an underweight rating, and 1 issued a sell rating. Compared to three months ago, there has been an decrease of 2 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
TRCO was given price targets by several analysts. The maximum price target given was 45, implying potential capital gains of 7.14 percent. The most pessimistic price target was 42, implying potential capital losses of 0 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -11.31 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -4.53 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
TRCO has traded between a high of 43.04 and a low of 27.75 over the past year. Today's price is 51.35 percent above the 52-week low, and 2.42 percent below the high. TRCO has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The TRCO value stock report compares TRCO to some of its peers using value stock charts. The market cap of TRCO is $3.62 billion. TRCO will post this quarters earnings in days, on 0000-00-00.