Gabelli & Co. Upgrades A. H. Belo Corporation to Buy

Brokerage firm Gabelli & Co. Upgrades its rating on A. H. Belo Corporation(NYSE:AHC). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Gabelli & Co. was issued on Aug 3, 2016.

A. H. Belo Corporation (AHC) made into the market gainers list on Fridays trading session with the shares advancing 0.17% or 0.01 points. Due to strong positive momentum, the stock ended at $5.85, which is also near the day’s high of $5.88. The stock began the session at $5.88 and the volume stood at 55,263 shares. The 52-week high of the shares is $6.32 and the 52 week low is $4.21. The company has a current market capitalization of $127 M and it has 2,16,76,260 shares in outstanding.

A. H. Belo Corporation(AHC) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $66.63M. Analysts had an estimated revenue of $268.10M. Earnings per share were $0.03.

Several Insider Transactions has been reported to the SEC. On Mar 14, 2016, Michael Joseph Ohara (SVP/CIO) sold 2,854 shares at $5.41 per share price.Also, On Mar 9, 2016, Robert W Decherd (director) purchased 125,926 shares at $6.12 per share price.On Mar 9, 2016, Dealey D Herndon (10% owner) sold 125,926 shares at $6.12 per share price, according to the Form-4 filing with the securities and exchange commission.

A. H. Belo Corporation (A. H. Belo) is a local news and information publishing company. The Company is engaged in providing commercial printing distribution and direct mail services as well as media and digital marketing services. A. H. Belo publishes The Dallas Morning News ( a Texas newspaper and the Denton Record-Chronicle ( a daily newspaper operating in Denton Texas. The Company also offers digital marketing solutions through 508 Digital and Your Speakeasy LLC and provides event promotion and marketing services through Crowdsource. The Company’s The Dallas Morning News is distributed primarily in Dallas County and 10 surrounding counties. The Dallas Morning News also publishes Briefing a newspaper distributed four days per week at no charge to nonsubscribers in select coverage areas and Al Dia a Spanish-language newspaper published on Wednesdays and Sundays and distributed at no charge in select coverage areas.

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