BidaskClub lowered shares of Tribune Media Co (NYSE:TRCO) from a hold rating to a sell rating in a research report released on Thursday morning.

Several other brokerages also recently weighed in on TRCO. Zacks Investment Research downgraded Tribune Media from a hold rating to a strong sell rating in a research note on Thursday, July 13th. Jefferies Group LLC reaffirmed a hold rating and set a $42.00 target price on shares of Tribune Media in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $44.50.

Shares of Tribune Media (NYSE TRCO) opened at 40.05 on Thursday. Tribune Media has a 52-week low of $27.75 and a 52-week high of $43.04. The company has a market cap of $3.49 billion, a PE ratio of 72.16 and a beta of 1.53. The stock’s 50 day moving average is $40.36 and its 200 day moving average is $39.49.

Tribune Media (NYSE:TRCO) last announced its earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.07). The business had revenue of $469.50 million for the quarter, compared to analyst estimates of $472.56 million. Tribune Media had a return on equity of 4.38% and a net margin of 2.49%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share. Equities analysts forecast that Tribune Media will post $1.29 EPS for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, August 17th. Tribune Media’s payout ratio is 204.08%.

A number of hedge funds and other institutional investors have recently bought and sold shares of TRCO. Nationwide Fund Advisors acquired a new position in Tribune Media in the 1st quarter valued at $103,000. Wells Fargo & Company MN raised its stake in Tribune Media by 44.3% in the 1st quarter. Wells Fargo & Company MN now owns 124,077 shares of the company’s stock valued at $4,625,000 after purchasing an additional 38,109 shares during the last quarter. First Trust Advisors LP acquired a new position in Tribune Media in the 1st quarter valued at $282,000. Bank of New York Mellon Corp raised its stake in Tribune Media by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 455,347 shares of the company’s stock valued at $16,970,000 after purchasing an additional 17,425 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Tribune Media by 26.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 72,080 shares of the company’s stock valued at $2,686,000 after purchasing an additional 15,087 shares during the last quarter. 97.18% of the stock is owned by hedge funds and other institutional investors.

Tribune Media Company Profile

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, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment cable network.

Analyst Recommendations for Tribune Media (NYSE:TRCO)

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