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New York Times reports strong Q1 earnings, gets "Moderate Buy" rating with a $56.40 price target.
The New York Times Company received a "Moderate Buy" rating from analysts, with a 12-month price target of $56.40.
The company reported a 7.1% revenue increase in Q1 and surpassed earnings expectations, reporting $0.41 EPS compared to the $0.35 consensus.
The firm announced a quarterly dividend of $0.18, or an annualized $0.72, with a yield of 1.30%.
Envestnet Portfolio Solutions reduced its stake in NYT by 21.7% during Q1.
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El New York Times informa de fuertes ganancias del primer trimestre, obtiene una calificación de "Comprar Moderado" con un precio objetivo de 56.40 dólares.