Scripps Networks Interactive stock appears ready to end the trading week with a new 52-
week high.
The Knoxville based lifestyle media company has been its share price move steadily higher in recent weeks and is trading over $62 today.
The company’s share price started the year around $43.
Scripps Networks portfolio of cable television networks and related websites includes HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and country music network Great American Country.
Oil and natural gas company Tengasco Inc.’s stock has been downgraded by TheStreet Ratings from buy to hold.
The Knoxville-based company’s weak cash flow overshadows its revenue and profit growth, TheStreet, a digital financial media company, said today.
“The revenue growth came in higher than the industry average of 11.9%. Since the same quarter one year prior, revenues rose by 35.6%. This growth in revenue does not appear to have trickled down to the company’s bottom line, displaying stagnant earnings per share,” TheStreet reported.
Despite disappointing first quarter earnings, restaurant chain Ruby Tuesday stock was upgraded today by TheStreet Ratings.
Ruby Tuesday
TheStreet, a digital financial media company, upped the Maryville-based casual dining chain from hold to buy.
“The company’s strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income,” TheStreet Ratings said.