Is Tribune Media (TRCO) In Trouble? Evercore ISI Issues Downgrade.

Tribune Media (TRCO) Receives a Downgrade

Evercore ISI lowered shares of Tribune Media (TRCO) stock from a “Outperform” rating to a “In-line” rating in analysts report revealed to investors on Tuesday morning.

The stock increased 0.13% or $0.06 during the last trading session, reaching $45.21. About 3.09 million shares traded or 44.12% up from the average. Tribune Media Company (TRCO) has risen 8.64% since December 12, 2017 and is uptrending. It has outperformed by 8.64% the S&P500.

Analysts await Tribune Media Company (NYSE:TRCO) to report earnings on March, 7. They expect $1.20 EPS, up 48.15 % or $0.39 from last year’s $0.81 per share. TRCO’s profit will be $105.24M for 9.42 P/E if the $1.20 EPS becomes a reality. After $0.63 actual EPS reported by Tribune Media Company for the previous quarter, Wall Street now forecasts 90.48 % EPS growth.

Tribune Media Company, through its subsidiaries, operates as a media and entertainment firm in the United States. The company has market cap of $3.97 billion. 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. It has a 6.62 P/E ratio. The firm also operates Antenna TV and THIS TV, a digital multicast networks; Tribune Studios, a development and production studio; Screener, an entertainment Website; and WGN 720 AM, a radio station in Chicago.

More notable recent Tribune Media Company (NYSE:TRCO) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For December 11, 2018 – Benzinga” on December 11, 2018, also Themiddlemarket.com with their article: “M&A wrap: Caryle, Nexstar, Tribune, GSK, Liberty Hall, LLR, Luminate – Mergers & Acquisitions” published on December 03, 2018, Gurufocus.com published: “George Soros’ Top 6 Buys in 3rd Quarter – GuruFocus.com” on November 15, 2018. More interesting news about Tribune Media Company (NYSE:TRCO) were released by: Fool.com and their article: “Why Tribune Media Stock Jumped Monday – The Motley Fool” published on December 03, 2018 as well as Benzinga.com‘s news article titled: “56 Biggest Movers From Yesterday – Benzinga” with publication date: December 04, 2018.

Tribune Media Company (NYSE:TRCO) Institutional Positions Chart

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