Belo Reaches New 52-Week High (BLC)

Belo Corporation (NYSE:BLC) 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.
By TheStreet Wire ,

NEW YORK (

TheStreet

) --

Belo Corporation

(NYSE:

BLC

) 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.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates

Belo

as a

buy

. 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

Belo Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

.

null

Loading ...