Media General (MEG) : Zacks Investment Research ranks Media General (MEG) as 4, which is a Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 2.33, which indicates as a Buy.
Company shares have received an average consensus rating of Hold for the current week
Media General (NYSE:MEG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.21 and $17.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.37, notching a gain of 0.70% for the day. The total traded volume was 1,013,337 . The stock had closed at $17.25 on the previous day.
Media General, Inc., formerly Mercury New Holdco, Inc., is a connected-screen multimedia company. The Company provides news, information and entertainment. The Companys segment include Broadcast segment, which has around 71 television stations that are either owned, operated or serviced by the Company in around 48 United States markets, all of which are engaged principally in the sale of television advertising, and Digital segment, which includes digital companies: LIN Digital, LIN Mobile, HYFN, Inc. (HYFN), Dedicated Media, Inc. (Dedicated Media), BiteSize TV and Federated Media, as well as the business operations related to the television station companion Websites. LIN Digital provides display and video advertising. LIN Mobile provides mobile advertising. Federated Media provides display and video advertising. Dedicated Media provides marketing, data focusing and analytics for digital marketing campaigns. HYFN is a digital agency. BiteSize TV is a video content creator.