Benchmark Initiates Coverage on Tegna Inc to Buy

Benchmark Initiates Coverage on Tegna Inc(NYSE:TGNA). The shares have been rated Buy. The rating by Benchmark was issued on Aug 19, 2016.

In a different note, On Jul 27, 2016, Jefferies said it Maintains its rating on Tegna Inc. In the research note, the firm Lowers the price-target to $26.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 10, 2016, Evercore ISI Group said it Downgrades its rating on Tegna Inc. The shares have been rated ‘Hold’ by the firm.

Tegna Inc (TGNA) shares turned negative on Mondays trading session with the shares closing down -0.46 points or -2.20% at a volume of 26,95,298. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $20.88. The peak price level was also seen at $20.88 while the days lowest was $20.31. Finally the shares closed at $20.43. The 52-week high of the shares is $28.95 while the 52-week low is $20.78. According to the latest information available, the market cap of the company is $4,379 M.

Tegna Inc has also declared a cash dividend of $0.1400 on Jul 28, 2016. The shares will quote ex-dividend on Sep 7, 2016 and the record date has been fixed on Sep 9, 2016. The dividend payable date has been fixed on Oct 3, 2016.

Tegna Inc(TGNA) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $811.78M. Analysts had an estimated revenue of $814.56M. Earnings per share were $0.50. Analysts had estimated an EPS of $0.47.

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 Company’s Digital business segment includes CareerBuilder and Shoplocal.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Tegna Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Tegna Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.