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.
Investment analysts gave a few price targets for TRCO. The most optimistic analyst gave a price target of 45, implying a possible profit of 7.14 percent. The most pessimistic price target was 42, which equates to a potential downside of 0 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -11.31 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. 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 have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts decreased their estimates.
TRCO has a 52-week high of 43.04 and a 52-week low of 27.75. Currently the stock is 51.35 percent higher than its low, and 2.42 percent below the high. TRCO has a price/earnings 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 stock has a market capitalization of $3.62 billion. TRCO is estimated to release their earnings results for the quarter on 0000-00-00, days from today.