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Journal Communications (NYSE:JRN) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Monday. They currently have a $11.90 target price on the stock. Zacks‘s price target indicates a potential upside of 19.00% from the stock’s previous close.

Separately, analysts at Sidoti downgraded shares of Journal Communications from a “buy” rating to a “neutral” rating in a research note on Thursday, July 31st.

Shares of Journal Communications (NYSE:JRN) traded down 4.30% during mid-day trading on Monday, hitting $9.57. The stock had a trading volume of 615,813 shares. Journal Communications has a 52 week low of $7.04 and a 52 week high of $11.37. The stock’s 50-day moving average is $9.10 and its 200-day moving average is $8.66. The company has a market cap of $483.6 million and a P/E ratio of 13.26.

Journal Communications (NYSE:JRN) last announced its earnings results on Thursday, August 7th. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.03. The company had revenue of $104.70 million for the quarter, compared to the consensus estimate of $107.00 million. During the same quarter last year, the company posted $0.13 earnings per share. Journal Communications’s revenue was up 4.9% compared to the same quarter last year. On average, analysts predict that Journal Communications will post $0.78 earnings per share for the current fiscal year.

Journal Communications, Inc operates through three business segments: publishing, broadcasting and corporate.

To view Zacks’ full report, visit Zacks’ official website.

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