Gannett Co Inc (NYSE:GCI) : 3 brokerage houses believe that Gannett Co Inc (NYSE:GCI) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Gannett Co Inc (NYSE:GCI). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.
Gannett Co Inc (NYSE:GCI) : The highest level Gannett Co Inc (NYSE:GCI) is projected to reach is $23 for the short term and the lowest estimate is at $17. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $20 and the possibility the share price can swing is $4.24.
For the current week, the company shares have a recommendation consensus of Buy.
Gannett Co Inc (NYSE:GCI): On Tuesdays trading session , Opening price of the stock was $13.56 with an intraday high of $13.56. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.06. However, the stock managed to close at $13.35, a loss of 1.98% for the day. On the previous day, the stock had closed at $13.62. The total traded volume of the day was 2,297,456 shares.
In an insider trading activity, Dickey Robert J., director officer (President and CEO) of Gannett Co., Inc., unloaded 18,556 shares at an average price of $17.46 on November 24, 2015. The total amount of the transaction was worth $323,988, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Gannett Co., Inc., formerly Gannett Spinco, Inc., is a media and marketing solutions company. The Company is engaged in providing local content on a range of platforms in the United States. The Company operates through Broadcasting and Digital segments. It also provides digital marketing services and Internet-based human resource solutions. Its digital media products and services include search, social media and Website development, among others. The Company offers its services in a range of geographies, demographics and content areas. The Company provides consumers with the information and entertainment, and connects consumers to their communities through various platforms, such as television stations, desktop, smartphone and tablet products. Its Broadcasting segment includes an independent station group of network affiliates. Its Digital business segment includes Cars.com, CareerBuilder, PointRoll and Shoplocal.