Shares of Tribune (NYSE:TRCO) reached a new 52-week high on Thursday . The stock traded as high as $46.45 and last traded at $46.44, with a volume of 45087 shares traded. The stock had previously closed at $46.43.
Several brokerages have recently commented on TRCO. ValuEngine raised shares of Tribune from a “sell” rating to a “hold” rating in a research note on Saturday, December 1st. FinnCap began coverage on shares of Tribune in a research note on Tuesday, November 27th. They set a “buy” rating for the company. Gabelli began coverage on shares of Tribune in a research note on Tuesday, November 27th. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of Tribune from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. Finally, Wolfe Research began coverage on shares of Tribune in a research note on Friday, December 7th. They set an “underperform” rating and a $44.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $42.17.
The company has a market cap of $4.05 billion, a P/E ratio of 32.77, a PEG ratio of 2.60 and a beta of 0.59. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.85.
About Tribune (NYSE:TRCO)
Tribune Media Company, through its subsidiaries, operates as a media and entertainment company in the United States. It offers news, entertainment, and sports programming through Tribune Broadcasting local television stations, including FOX television affiliates, CW Network, LLC television affiliates, CBS television affiliates, ABC television affiliates, MY television affiliates, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment cable network.
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