Tribune Media Company (TRCO) : 3 brokerage houses believe that Tribune Media Company (TRCO) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Tribune Media Company (TRCO). Zacks Investment Research suggests a Strong Sell with a rank of 5. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 2.17.
Tribune Media Company (TRCO) stock is expected to deviate a maximum of $10.94 from the average target price of $45.25 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $60 and the most muted being $36.
Tribune Media Company (NYSE:TRCO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.31 and $36.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.05, notching a gain of 1.36% for the day. The total traded volume was 773,257 . The stock had closed at $37.54 on the previous day.
Also, Major Brokerage house, Morgan Stanley downgrades its ratings on Tribune Media Company (NYSE:TRCO). In the latest research report, Morgan Stanley lowers the target price from $39 per share to $36 per share. According to the latest information available, the shares are now rated Underweight by the analysts at the agency. The rating by the firm was issued on June 1, 2016. The company shares have dropped -27.74% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $54.05 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $38.65 and the 200 Day Moving Average price is recorded at $36.23.
Tribune Media Company is a diversified media and entertainment business. The Company consists of 42 television stations to which it provides certain services, along with a national general entertainment television network, a radio station, a production studio, a digital and data technology business, a portfolio of real estate assets and investments in a variety of media, Websites and other related assets. The Company operates in the following segments: Television and Entertainment, which provides audiences with news, entertainment and sports programming on Tribune Broadcasting local television stations, and television series and movies on WGN America, including through content produced by Tribune Studios and its production partners, and Digital and Data, which provides technology and services that collect and distribute video, music and entertainment data primarily through wholesale distribution channels to consumers across the world.