Noble Financial cut shares of tronc (NASDAQ:TRNC) from a buy rating to a hold rating in a research note issued to investors on Monday, February 5th, Marketbeat Ratings reports. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the company. ValuEngine raised tronc from a hold rating to a buy rating in a research note on Friday, October 27th. Zacks Investment Research upgraded tronc from a hold rating to a buy rating and set a $18.00 target price for the company in a research report on Wednesday, November 15th. BidaskClub lowered tronc from a strong-buy rating to a buy rating in a report on Thursday, January 18th. Finally, Sidoti began coverage on tronc in a report on Wednesday, January 17th. They issued a buy rating and a $25.00 price target for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. tronc presently has an average rating of Hold and a consensus price target of $21.50.
tronc (TRNC) traded up $0.12 during trading hours on Monday, reaching $20.40. The company’s stock had a trading volume of 112,300 shares, compared to its average volume of 143,509. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 4.98. tronc has a twelve month low of $10.80 and a twelve month high of $24.74. The company has a market capitalization of $681.38, a PE ratio of 14.70 and a beta of 1.94.
tronc Company Profile
tronc, Inc, formerly Tribune Publishing Company, is a media company. As of December 25, 2016, the Company operated over 150 titles in nine markets. Its portfolio of news and information brands are in markets, including Los Angeles and San Diego, California; Chicago, Illinois; Fort Lauderdale and Orlando, Florida; Baltimore, Maryland; Hartford, Connecticut; Allentown, Pennsylvania, and Newport News, Virginia.
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