Tribune Company Common Stock (NYSE:TRCO) has coverage initiated with a Buy rating and $40.00 price target

Analyst Ratings For Tribune Company Common Stock (NYSE:TRCO)

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Today, Evercore ISI initiated coverage on Tribune Company Common Stock (NYSE:TRCO) with a Buy with a price target of $40.00.

There are 3 Buy Ratings, 2 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Tribune Company Common Stock (NYSE:TRCO) is Buy with a consensus target price of $39.80 per share, a potential 17.27% upside.

Some recent analyst ratings include

  • 7/31/2018-Evercore ISI initiated coverage with a Buy rating.
  • 7/19/2018-Stephens was Downgraded by analysts at Stephens from a “Overweight ” rating to a ” Equal” rating. They now have a $37.00 price target on the stock, up previously from $41.00 .
  • 5/7/2018-Deutsche Bank Upgrade from a “Hold ” rating to a ” Buy” rating.
  • 8/14/2017-Jefferies Financial Group Reiterated Rating of Hold.
  • 5/9/2017-Morgan Stanley Upgrade from a “Underweight ” rating to a ” Equal Weight” rating.
  • 5/9/2017-Gabelli was Downgraded by analysts at Gabelli from a “Buy ” rating to a ” Sell” rating. They now have a N/A price target on the stock.

Recent Insider Trading Activity For Tribune Company Common Stock (NYSE:TRCO)
Tribune Company Common Stock (NYSE:TRCO) has insider ownership of 0.38% and institutional ownership of 89.42%.

  • On 12/4/2017 Tribune L.P. Oaktree, Insider, sold 7,000,000 with an average share price of $40.36 per share and the total transaction amounting to $282,520,000.00.
  • On 8/11/2016 Matthew Cherniss, Insider, sold 11,705 with an average share price of $38.92 per share and the total transaction amounting to $455,558.60.
  • On 3/4/2016 Melanie Hughes, EVP, sold 7,298 with an average share price of $38.98 per share and the total transaction amounting to $284,476.04.
  • On 4/28/2015 Tribune L.P. Oaktree, Director, sold 4,620,037 with an average share price of $54.04 per share and the total transaction amounting to $249,666,799.48.

About Tribune Company Common Stock (NYSE:TRCO)
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, MY television affiliates, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment cable network. The company also operates Antenna TV and THIS TV digital multicast networks; a production studio; Screener, an entertainment Website; and WGN 720 AM, a radio station in Chicago. It owns and operates 42 local television stations. The company was formerly known as Tribune Company and changed its name to Tribune Media Company in July 2014. Tribune Media Company was founded in 1847 and is based in Chicago, Illinois.

Recent Trading Activity for Tribune Company Common Stock (NYSE:TRCO)
Shares of Tribune Company Common Stock closed the previous trading session at 33.91 up +0.32 0.95% with 34 shares trading hands.

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