Zacks: tronc, Inc. (TRNC) Given Consensus Rating of “Strong Buy” by Brokerages
tronc, Inc. (NASDAQ:TRNC) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price objective of $20.00 for the company and are anticipating that the company will post $0.55 EPS for the current quarter, according to Zacks. Zacks has also given tronc an industry rank of 78 out of 265 based on the ratings given to related companies.
Several equities analysts have recently issued reports on the company. ValuEngine raised tronc from a “hold” rating to a “buy” rating in a research note on Sunday. Zacks Investment Research raised tronc from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Noble Financial reaffirmed a “buy” rating on shares of tronc in a research note on Thursday, September 7th.
Shares of tronc (TRNC) opened at $17.86 on Thursday. The company has a debt-to-equity ratio of 4.98, a quick ratio of 1.53 and a current ratio of 1.57. tronc has a 1-year low of $10.80 and a 1-year high of $18.37. The company has a market capitalization of $612.50, a price-to-earnings ratio of 13.21 and a beta of 1.85.
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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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