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 Sell with a rank of 4. 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) : Average target price received by Tribune Media Company (TRCO) is $45.25 with an expected standard deviation of $10.94. The most aggressive target on the stock is $60, whereas the most downbeat target is $36. 4 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Tribune Media Company (NYSE:TRCO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.31 and $38.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.02, notching a gain of 2.50% for the day. The total traded volume was 750,178 . The stock had closed at $38.07 on the previous day.
In a related news, Cherniss Matthew, officer (Pres. and Gen. Mgr., WGN Amer.) of Tribune Media Co, unloaded 1,535 shares at an average price of $38.77 on March 11, 2016. The total amount of the transaction was worth $59,512, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.