The stock of Tribune Media Co (NYSE:TRCO) hit a new 52-week low and has $31.19 target or 7.00% below today’s $33.54 share price. The 7 months bearish chart indicates high risk for the $3.37 billion company. The 1-year low was reported on Dec, 12 by Barchart.com. If the $31.19 price target is reached, the company will be worth $235.90 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 6.16% or $2.2 on December 11, hitting $33.54. About 832,874 shares traded hands or 47.52% up from the average. Tribune Media Co (NYSE:TRCO) has declined 37.77% since May 11, 2015 and is downtrending. It has underperformed by 33.36% the S&P500.
Out of 7 analysts covering Tribune Media (NYSE:TRCO), 3 rate it “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. Tribune Media was the topic in 5 analyst reports since August 14, 2015 according to StockzIntelligence Inc.
According to Zacks Investment Research, “Tribune Media Company is engaged in broadcast distribution, digital properties and data businesses. The company provides Antenna TV, THIS TV, radio station, music and video content and technologies. It also owns and manages real estate properties. Tribune Media Company, formerly known as Tribune Company, is based in Chicago, Illinois.” Get a free copy of the Zacks research report on Tribune Media Co (TRCO).
Tribune Media Co - Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.
 hit a new 52-week low and has .19 target or 7.00% below today’s .54 share price. The 7 months bearish chart indicates high…){kind=link}