Zacks Investment Research upgraded shares of BELO CORP (BLC) from NEUTRAL to OUTPERFORM on October 09, 2012, with a target price of $8.80.
BELO CORPORATION is the largest pure-play publicly-traded television station company in the nation. The Company owns and operates twenty television stations, including ABC, CBS, NBC, FOX, CW and MyNetwork TV affiliates reaching 14 percent of U.S. television households, and their associated Web sites, in 15 highly-attractive markets across the United States. Nearly all Belo stations rank first or second in their local market based on audience reach. Belo operates nine stations in seven of the top 25 markets in the nation, with six stations located in the fast-growing, top-15 markets of Dallas/Fort Worth, Houston, Seattle/Tacoma and Phoenix. Belo Corp. operates more than 25 Web sites, building on the Company's well-established local and regional brands to generate new customer relationships. Additionally, the Company has leveraged its local television assets to create regional cable news channels in Texas, the Northwest and Arizona, increasing its impact in those regions.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on BELO CORP (BLC),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment