Citigroup downgrades Thomson Reuters to Hold
Friday 21 January 2011
Equities research analysts at Citigroup downgraded shares of Thomson Reuters to a hold rating from a buy in a research note to clients and investors on Thursday.
Zack Investment Research reiterated a neutral rating late last month.
Thomson Reuters has a 52-week range of $31.60-$39.31. The stock’s 50-day moving average is $37.38 and its 200-day moving average is $37.26. On Friday the TRI closed at $38.64, up 1.36 per cent, in New York while in Toronto TRI.TO was C$38.39, up 0.95 per cent.
On average, analysts predict Thomson Reuters will post $0.47 earnings per share next quarter. The company has a market capitalisation of $31.727 billion and a price-to-earnings ratio of 36.76. ■
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