Cresud S.A.C.I.F. y A. (ADR) (CRESY) Reaches $19.06 After 3.00% Up Move, Shorts at Tribune Media Company Class A (TRCO) Raised By 6.41%

June 16, 2017 - By Adrian Erickson

Tribune Media Company Class A (NYSE:TRCO) had an increase of 6.41% in short interest. TRCO’s SI was 2.81 million shares in June as released by FINRA. Its up 6.41% from 2.64 million shares previously. With 7.05 million avg volume, 0 days are for Tribune Media Company Class A (NYSE:TRCO)’s short sellers to cover TRCO’s short positions. The SI to Tribune Media Company Class A’s float is 4.27%. The stock decreased 0.10% or $0.04 on June 16, reaching $41.08. About 3.47 million shares traded. Tribune Media Co (NYSE:TRCO) has risen 24.27% since June 16, 2016 and is uptrending. It has outperformed by 7.57% the S&P500.

The stock of Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) is a huge mover today! The stock increased 3.76% or $0.69 on June 16, reaching $19.06. About 76,948 shares traded or 13.52% up from the average. Cresud S.A.C.I.F. y A. (ADR) (NASDAQ:CRESY) has risen 112.69% since June 16, 2016 and is uptrending. It has outperformed by 95.99% the S&P500.The move comes after 9 months positive chart setup for the $950.85 million company. It was reported on Jun, 16 by Barchart.com. We have $19.63 PT which if reached, will make NASDAQ:CRESY worth $28.53M more.

Among 7 analysts covering Tribune Media (NYSE:TRCO), 2 have Buy rating, 2 Sell and 3 Hold. Therefore 29% are positive. Tribune Media had 12 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by BWS Financial on Monday, May 1 with “Buy”. Wells Fargo downgraded Tribune Media Co (NYSE:TRCO) on Thursday, April 20 to “Market Perform” rating. The stock of Tribune Media Co (NYSE:TRCO) has “Equal Weight” rating given on Wednesday, August 19 by Morgan Stanley. The rating was initiated by Stephens with “Equal-Weight” on Wednesday, November 18. Morgan Stanley downgraded it to “Underweight” rating and $36 target in Wednesday, June 1 report. On Monday, December 14 the stock rating was upgraded by Gabelli to “Buy”. The firm earned “Hold” rating on Friday, August 14 by Jefferies. The firm earned “Sell” rating on Tuesday, May 9 by Gabelli. Evercore initiated the stock with “Buy” rating in Tuesday, October 13 report.

Tribune Media Company is a diversified media and entertainment business. The company has market cap of $3.76 billion. As of December 31, 2016, the Company consisted of 42 local television stations that were either owned by the Company or owned by others but to which it provides certain services, along with a national general entertainment cable network, a radio station, a production studio, a portfolio of real estate assets and investments in a range of media, Websites and other related assets. It currently has negative earnings. The Company’s business consists of its Television and Entertainment activities and the management of certain of its real estate assets.

Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria is an agricultural firm engaged in the production of basic agricultural commodities with presence in the agricultural sector of Brazil, through its investment in Brasilagro, as well as in other Latin American countries. The company has market cap of $950.85 million. In addition, the Company leases lands to third parties and perform agency and agro-industrial services, including a meat packing plant. It currently has negative earnings. It operates in two businesses areas, namely, Agricultural and Investment and Development Properties.