Morgan Stanley upgraded Tribune Media Company (NYSE:TRCO) to 'Equal Weight'

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The highest share price NYSE:TRCO shares have reached in the prior twelve months is 43.04 with the lowest being 27.75.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. The ex-dividend date is Thursday, May 18th.

Tribune Media Co (NYSE:TRCO) traded at a yearly high level of $43.04 during the last trading session.

The Relative Volume of the company is 4.27 and Average Volume (3 months) is 1.94 million.

Tribune Media Company (TRCO) has the market capitalization of $3.63 Billion. The stock's 50-day moving average price is $37.94 and its 200-day moving average price is $34.72. The company is expected to report EPS as high as $0.53 and as low as $0.39 per share. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.

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Television and entertainment Adjusted EBITDA was $75.2 million for Q1 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, Tribune said. Tribune Media had a negative net margin of 18.26% and a positive return on equity of 4.27%. The business's revenue for the quarter was down 6.1% compared to the same quarter a year ago. Creative Planning now owns 3,000 shares of the company's stock valued at $112,000 after buying an additional 1,800 shares in the last quarter. The company reported the earnings of $0.85/Share in the last quarter where the estimated EPS by analysts was $0.92/share. The original version of this story can be accessed at https://baseballnewssource.com/markets/tribune-media-co-trco-posts-earnings-results-misses-estimates-by-0-14-eps/752746.html. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and global trademark & copyright legislation. It has been suggested as "Buy Opinions" from 2 and 0 issued "Sell Thoughts" for the stock.

Tribune Media Company (TRCO) belongs to the "Services" sector with an industry focus on "Broadcasting - TV", with Mr. Peter M. Kern as Interim Chief Exec. Officer and Director. Gabelli lowered Tribune Media from a "buy" rating to a "sell" rating in a report on Tuesday. Share performance for the month is now at 11.45%. AlphaOne also assigned news articles about the company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. They now have a United States dollars 42 price target on the stock. Tribune Media's dividend payout ratio (DPR) is presently -24.39%.

05/09/2017 - Tribune Media Co was upgraded to "equal weight" by analysts at Morgan Stanley.

Several hedge funds have recently modified their holdings of TRCO. First Command Bank bought a new stake in shares of Tribune Media during the fourth quarter valued at about $121,000. They are projecting Next Quarter growth of 16.7%.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. Finally, Pinnacle Associates Ltd. purchased a new position in Tribune Media during the first quarter valued at approximately $15,153,000.

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