Analyst Rating Update on TEGNA (TGNA)

TEGNA (NYSE:TGNA) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

TEGNA (NYSE:TGNA) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $34 and the lowest price target forecast is $21. The average forecast of all the analysts is $28.17 and the expected standard deviation is $4.96.

For the current week, the company shares have a recommendation consensus of Buy. Also, Evercore ISI Group downgrades its view on TEGNA (NYSE:TGNA) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on June 10, 2016.

TEGNA (NYSE:TGNA): stock turned positive on Tuesday. Though the stock opened at $21.96, the bulls momentum made the stock top out at $22.28 level for the day. The stock recorded a low of $21.695 and closed the trading day at $22.01, in the green by 1.10%. The total traded volume for the day was 2,012,889. The stock had closed at $21.77 in the previous days trading.

TEGNA Inc., formerly Gannett Co., 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. The Companys Digital business segment includes, CareerBuilder and Shoplocal.

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