Updated March 28 at 3:51pm

TheStreet upgrades Projo parent company’s rating


NEW YORK – A.H. Belo Corp., the Dallas-based parent company of the Providence Journal and three other daily newspapers, has been upgraded from “sell” to “hold” by TheStreet Ratings.

According to the report from the financial news and services website, A.H. Belo’s strengths can be seen in multiple areas, including an “impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures.”

TheStreet’s report added that it found weaknesses in the company, including weak operating cash flow and poor profit margins.

A.H. Belo has a debt-to-equity ratio of zero and a quick ratio of 1.33, illustrating the company’s ability to avoid short-term cash problems.

According to the report, A.H. Belo has demonstrated a pattern of positive earnings per share growth over the past two years, which is suggestive of an improvement in the performance of the business.


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