News headlines about Tribune Media (NYSE:TRCO) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tribune Media earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.3084574684049 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- Tribune Media Co (TRCO) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Tribune Media (TRCO) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Social media companies should ditch clickbait, and compete over trustworthiness (bismarcktribune.com)
- Capital-Journal publisher Ahrens joining Missouri company (sfgate.com)
- Former Tampa Tribune owner offers $5.75M for Boston Herald (tbo.com)
A number of equities analysts have issued reports on TRCO shares. Zacks Investment Research raised shares of Tribune Media from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 15th. BidaskClub raised shares of Tribune Media from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Deutsche Bank started coverage on shares of Tribune Media in a report on Friday, October 20th. They issued a “hold” rating and a $42.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $44.70.
Tribune Media (NYSE:TRCO) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06). Tribune Media had a negative net margin of 6.12% and a positive return on equity of 4.11%. The firm had revenue of $450.53 million during the quarter, compared to analyst estimates of $459.81 million. During the same quarter in the previous year, the business posted $0.56 EPS. Tribune Media’s revenue for the quarter was down 4.2% compared to the same quarter last year. sell-side analysts anticipate that Tribune Media will post 1.11 EPS for the current fiscal year.
In other Tribune Media news, insider Tribune L.P. Oaktree sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $40.36, for a total value of $282,520,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.55% of the stock is currently owned by company insiders.
COPYRIGHT VIOLATION WARNING: This article was posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.themarketsdaily.com/2018/01/10/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-tribune-media-trco-share-price.html.
About Tribune Media
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.
Receive News & Ratings for Tribune Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tribune Media and related companies with MarketBeat.com's FREE daily email newsletter.