Impact of Brokerage Rating on TEGNA Inc.(GCI)

Many TEGNA Inc.(GCI) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Gannett Co Inc was Downgraded by Argus to Hold on Feb 13, 2017.

Company has reported several Insider transactions to the SEC, on Nov 14, 2016, John Jeffry Louis (director) purchased 28,000 shares at 8.96 per share price.On Nov 7, 2016, Alison K Engel (CFO) purchased 6,400 shares at 7.81 per share price.On Nov 25, 2015, Robert J. Dickey (President and CEO) sold 18,556 shares at 17.46 per share price.

Gannett Co Inc Last issued its quarterly earnings results on Feb 9, 2017. The company reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.08. Analyst had a consensus of $0.42. The company had revenue of $867.00 million for the quarter, compared to analysts expectations of $848.87 million. The companys revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

TEGNA Inc. (NYSE:GCI) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 2.2 by 5 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.

TEGNA Inc. (NYSE:GCI): 3 analysts have set the short term price target of TEGNA Inc. (NYSE:GCI) at $11. The standard deviation of short term price target has been estimated at $3.46, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 15 and $9 respectively.

TEGNA Inc. (NYSE:GCI) rose 4.77% or 0.4 points on Tuesday and made its way into the gainers of the day. After trading began at $8.34 the stock was seen hitting $8.9 as a peak level and $8.24 as the lowest level. The stock ended up at $8.78. The daily volume was measured at 2,279,793 shares. The 52-week high of the share price is $17.72 and the 52-week low is $7.3. The company has a market cap of $1,024 million.

Gannett owns the publishing assets of the legacy Gannett company following its June 2015 split into two publicly traded companies – a broadcasting and digital company called TEGNA (Ticker: TGNA) and a publishing company called Gannett. The new Gannett owns the USA Today and a host of other media assets.

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For any feedback and suggestions contact author at Michelle.Egan@thefoundersdaily.com

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