Thomson Reuters (NASDAQ:TRI) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Thomson Reuters' stock rating has been upgraded from a "sell" to a "hold" by Wall Street Zen, reflecting a shift in analyst sentiment.
• Scotiabank has raised its rating on Thomson Reuters from a "hold" to a "strong-buy", indicating strong confidence in the company's prospects.
• The company's recent earnings report showed an EPS of $0.87, exceeding the consensus estimate of $0.83, with a revenue of $1.79 billion.

Thomson Reuters (NASDAQ:TRI - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Sunday.

Separately, Scotiabank upgraded Thomson Reuters from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th.

Thomson Reuters Trading Down 0.6%

Shares of NASDAQ:TRI traded down $1.07 during midday trading on Friday, hitting $169.24. 842,155 shares of the stock were exchanged, compared to its average volume of 872,311. The company has a market capitalization of $76.27 billion, a PE ratio of 46.75, a price-to-earnings-growth ratio of 5.67 and a beta of 0.77. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.11. Thomson Reuters has a twelve month low of $151.60 and a twelve month high of $218.42.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion. Thomson Reuters had a net margin of 22.34% and a return on equity of 14.04%.

Thomson Reuters Company Profile

Thomson Reuters Corporation provides business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.