tronc Inc (NASDAQ:TRNC) has received an average rating of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $25.00.
A number of research analysts have commented on TRNC shares. ValuEngine upgraded shares of tronc from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of tronc from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Sidoti started coverage on shares of tronc in a research note on Wednesday, January 17th. They set a “buy” rating and a $25.00 price target for the company. BidaskClub cut shares of tronc from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 18th. Finally, Noble Financial lowered shares of tronc from a “buy” rating to a “hold” rating in a report on Monday, February 5th. They noted that the move was a valuation call.
tronc (NASDAQ:TRNC) opened at $20.81 on Monday. The company has a market cap of $699.17, a PE ratio of 28.90 and a beta of 1.94. 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 one year low of $10.80 and a one year high of $24.74.
TRADEMARK VIOLATION NOTICE: This article was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/02/12/tronc-inc-trnc-given-average-recommendation-of-buy-by-brokerages.html.
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.
Receive News & Ratings for tronc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for tronc and related companies with MarketBeat.com's FREE daily email newsletter.