In a report released yesterday, Michael Kupinski from Noble Financial maintained a Buy rating on tronc Inc (NASDAQ: TRNC), with a price target of $21. The company’s shares closed yesterday at $17.77.
According to TipRanks.com, Kupinski has currently no stars on a ranking scale of 0-5 stars, with an average return of -4.8% and a 40.8% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, Entercom Communications, and 1-800 Flowers.com.
Currently, the analyst consensus on tronc Inc is a Moderate Buy with an average price target of $21.
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Based on tronc Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $14.77 million. In comparison, last year the company had a net profit of $6.84 million.
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tronc, Inc. is a multiplatform media and marketing solutions company, which engages in the publication of daily newspapers and community publications. It operates through the troncM and troncX segments.
