Gabelli Lowers Tribune Media Co (TRCO) to Sell

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TRCO has a 1-year high price of $ 43.04 and 1-year low price of $24.65.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. The Weekly and Monthly Volatility stands at 1.84% and 2.14%. The ex-dividend date of this dividend is Thursday, May 18th. The overall volume in the last trading session was 1.34 million shares. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 267.77 and a beta of 1.44. The stock's price moved up its 200-day moving average of $41.93. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.47. The company had revenue of $439.90 million during the quarter, compared to analyst estimates of $450.18 million. Tribune Media had a positive return on equity of 4.27% and a negative net margin of 18.26%. Its last 5-Year EPS growth stands at 9.60% with earnings growth of 2.70% yoy.

Last time, the company failed Wall Street by reporting EPS of $-0.07, smashing the consensus of $0.07 per share. Tribune Media Company has far performed well this year, with the share price up 44.07% since January. Tribune Media earned a daily sentiment score of 0.01 on AlphaOne's scale. 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. Investors of record on Monday, May 22nd will be issued a $0.25 dividend.

Tribune Media had 12 analyst reports since August 14, 2015 according to SRatingsIntel. Gabelli cut Tribune Media from a "buy" rating to a "sell" rating in a research report on Tuesday.

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05/01/2017 - Tribune Media Co had its "buy" rating reiterated by analysts at BWS Financial. Still, revenues for Tribune's television and media segment revenues fell 4% to $436 million during the quarter because of a $17.7 million decrease in net core advertising revenue and a $13.7 million decrease in net political advertising revenue.

Tribune Media Company has 86,650,000 shares which are now outstanding with shareholders and have a price of 41.89 bringing Tribune Media Company's market capitalisation to 3.63B United States dollars. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Currently, the stock has a 1 Year Price Target of $43.38. The original version of this report can be viewed at https://sportsperspectives.com/2017/05/12/tribune-media-co-trco-upgraded-at-morgan-stanley.html. Tribune Media's dividend payout ratio is now -24.39%.

Several hedge funds have recently modified their holdings of TRCO. Concert Wealth Management Inc. boosted its position in shares of Tribune Media by 3.8% in the first quarter. The stock is expected to report revenue as high as $494.01M and as low as $470.1M per share. 5,109,230 shares of the company were exchanged. Morgan Stanley raised its rating on Tribune Media Company to Equal-Weight on 09/05/2017 in a reversal from its prior Underweight rating. Ltd. bought a new stake in shares of Tribune Media during the first quarter valued at about $114,000.

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