Zacks Upgrades Lin Media Llc to Outperform (LIN)
Lin Media Llc (NYSE:LIN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $27.00 price objective on the stock. Zacks‘s target price points to a potential upside of 7.14% from the company’s current price.
Separately, analysts at Evercore Partners upgraded shares of Lin Media Llc from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, June 3rd. They now have a $28.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $17.84.
Shares of Lin Media Llc (NYSE:LIN) traded up 2.66% on Tuesday, hitting $25.87. 376,366 shares of the company’s stock traded hands. Lin Media Llc has a 52 week low of $13.71 and a 52 week high of $29.24. The stock’s 50-day moving average is $25.20 and its 200-day moving average is $24.6. The company has a market cap of $1.433 billion and a price-to-earnings ratio of 8.90.
Lin Media Llc (NYSE:LIN) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.03. The company had revenue of $166.20 million for the quarter, compared to the consensus estimate of $165.37 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. On average, analysts predict that Lin Media Llc will post $1.36 earnings per share for the current fiscal year.
To view Zacks’ full report, visit Zacks’ official website.
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