Jefferies Remains a Hold on Tribune Media

By Ryan Adsit

Jefferies analyst John Janedis reiterated a Hold rating on Tribune Media (NYSE: TRCO) on June 12 and set a price target of $42. The company’s shares closed yesterday at $39.31.

According to TipRanks.com, Janedis is a 5-star analyst with an average return of 8.8% and a 65.3% success rate. Janedis covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Live Nation Entertainment, and Madison Square Garden Co.

Tribune Media has an analyst consensus of Hold, with a price target consensus of $40.50.

Based on Tribune Media’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $530 million and quarterly net profit of $18.95 million. In comparison, last year the company earned revenue of $521 million and had a net profit of $11.05 million.

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Tribune Media Co. is a diversified media and entertainment company. It operates through Television & Entertainment segment, which provides news, entertainment and sports programming. The Television & Entertainment segment comprises Tribune Broadcasting, which owns and operates local television stations; and Tribune Studios, which consists of digital applications and websites. This segment also includes Chicago’s WGN-AM and the national multicast networks Antenna TV as well as THIS TV. Tribune Media owns & manages real estate properties. The company was founded in 1847 and is headquartered in Chicago, IL.