Thomson Reuters (NASDAQ:TRI) Upgraded by Scotiabank to Strong-Buy Rating

Key Points

• Scotiabank upgraded Thomson Reuters from a "hold" to a "strong-buy" rating, indicating increased investor confidence in the company's prospects.
• In contrast, Wall Street Zen downgraded Thomson Reuters from "hold" to "sell," reflecting diverging views on the stock's future.
• Thomson Reuters reported $0.87 earnings per share for the latest quarter, exceeding analyst expectations of $0.83, with a net margin of 22.34% and revenue of $1.79 billion.

Thomson Reuters (NASDAQ:TRI - Get Free Report) was upgraded by Scotiabank from a "hold" rating to a "strong-buy" rating in a note issued to investors on Wednesday,Zacks.com reports.

Separately, Wall Street Zen cut shares of Thomson Reuters from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd.

Thomson Reuters Stock Up 0.4%

Shares of TRI traded up $0.74 during mid-day trading on Wednesday, reaching $182.30. 200,155 shares of the stock traded hands, compared to its average volume of 850,565. The firm has a market capitalization of $82.15 billion, a P/E ratio of 50.36, a price-to-earnings-growth ratio of 5.76 and a beta of 0.77. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.91 and a quick ratio of 0.91. Thomson Reuters has a 1 year low of $151.60 and a 1 year 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.04. Thomson Reuters had a net margin of 22.34% and a return on equity of 14.21%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion.

About Thomson Reuters

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.

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