Evercore Partners Downgrades Lin Media Llc to Equal Weight (LIN)
Lin Media Llc (NYSE:LIN) was downgraded by research analysts at Evercore Partners from an “overweight” rating to an “equal weight” rating in a report released on Monday. They currently have a $26.00 target price on the stock, down from their previous target price of $28.00. Evercore Partners’ price objective would indicate a potential upside of 9.01% from the stock’s previous close.
Separately, analysts at Zacks downgraded shares of Lin Media Llc from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $29.70 price target on the stock. Six research analysts have rated the stock with a hold rating, Lin Media Llc presently has an average rating of “Hold” and a consensus price target of $17.98.
Shares of Lin Media Llc (NYSE:LIN) traded down 1.26% on Monday, hitting $23.55. The stock had a trading volume of 571,152 shares. Lin Media Llc has a 1-year low of $15.69 and a 1-year high of $29.24. The stock has a 50-day moving average of $25. and a 200-day moving average of $24.69. The company has a market cap of $1.309 billion and a price-to-earnings ratio of 8.16.
Lin Media Llc (NYSE:LIN) last announced its earnings results on Tuesday, August 5th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.04. The company had revenue of $188.80 million for the quarter, compared to the consensus estimate of $190.05 million. Lin Media Llc’s revenue was up 14.9% compared to the same quarter last year. On average, analysts predict that Lin Media Llc will post $0.99 earnings per share for the current fiscal year.
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