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Shares of The New York Times Company (NYSE:NYT) have received an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, American Banking News.com reports. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $13.08.

Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of The New York Times Company in a research note on Wednesday. They set a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of The New York Times Company in a research note on Tuesday, May 6th. They now have a $17.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of The New York Times Company from a “sell” rating to a “neutral” rating in a research note on Monday, April 28th.

Shares of The New York Times Company (NYSE:NYT) traded down 3.00% during mid-day trading on Thursday, hitting $15.21. 187,535 shares of the company’s stock traded hands. The New York Times Company has a 52-week low of $10.82 and a 52-week high of $17.37. The stock has a 50-day moving average of $15.23 and a 200-day moving average of $15.42. The company has a market cap of $2.286 billion and a price-to-earnings ratio of 39.30.

The New York Times Company (NYSE:NYT) last announced its earnings results on Thursday, April 24th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.04. The company had revenue of $390.40 million for the quarter, compared to the consensus estimate of $384.73 million. During the same quarter last year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Analysts expect that The New York Times Company will post $0.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Thursday, July 17th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Tuesday, July 15th.

The New York Times Company is a global media organization engaged in creating, collecting and distributing news and information.

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