Belo Stock Hits New 52-Week High (BLC)

NEW YORK ( TheStreet) -- Belo Corporation (NYSE: BLC) hit a new 52-week high Wednesday as it is currently trading at $14.40, above its previous 52-week high of $14.36 with 899,671 shares traded as of 3:40 p.m. ET. Average volume has been 2.5 million shares over the past 30 days.

Belo has a market cap of $1.36 billion and is part of the services sector and media industry. Shares are up 85.7% year to date as of the close of trading on Tuesday.

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.

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TheStreet Ratings rates Belo as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, solid stock price performance 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.

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