Belo Reaches New 52-Week High (BLC)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Tuesday as it is currently trading at $14.26, above its previous 52-week high of $14.24 with 1.9 million shares traded as of 4 p.m. ET. Average volume has been 2.3 million shares over the past 30 days.
Belo has a market cap of $1.33 billion and is part of the services sector and media industry. Shares are up 81.9% year to date as of the close of trading on Monday.
Belo Corp. operates as a television company in the United States. The company owns 20 television stations, including ABC, CBS, NBC, FOX, CW, and MyNetwork TV affiliates, as well as their associated Web sites in 15 markets. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates
Belo
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, notable return on equity, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
.
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