Impact of Brokerage Rating on TEGNA Inc.(TGNA)

Many TEGNA Inc.(TGNA) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by FBR & Co. on Dec 8, 2016 to Outperform, Raises Price Target to $ 28 from a previous price target of $26 .Tegna Inc was Downgraded by JP Morgan to Neutral on Nov 23, 2016.

Tegna Inc Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $0.58. The company had revenue of $860.27 million for the quarter, compared to analysts expectations of $869.79 million. The companys revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

TEGNA Inc. (NYSE:TGNA) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.4 by 10 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 5 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

TEGNA Inc. (NYSE:TGNA): According to 6 Analysts, The short term target price has been estimated at $ 25.67.The target price could deviate by a maximum of $5.32 from the forecast price. In the near term, the target price could hit a high of $34 and a low of $ 20.

TEGNA Inc. (NYSE:TGNA) rose 1.39% or 0.33 points on Tuesday and made its way into the gainers of the day. After trading began at $23.76 the stock was seen hitting $24.34 as a peak level and $23.57 as the lowest level. The stock ended up at $24.15. The daily volume was measured at 2,484,920 shares. The 52-week high of the share price is $25.38 and the 52-week low is $17.91. The company has a market cap of $5,178 million.

TEGNA owns the broadcasting assets of the legacy Gannett company following its June 2015 split into two publicly traded companies – a broadcasting and digital company called TEGNA, Inc. (Ticker: TGNA) and a publishing company called Gannett Co., Inc. (Ticker: GCI). TEGNA owns 64 television stations and is the largest independent television station group of major network affiliates in the top 25 markets. TEGNAs digital assets include sites like Cars.com, CareerBuilder and others.

TEGNA

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