Meredith Corporation (MDP) : 3 analysts are covering Meredith Corporation (MDP) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Company shares have received an average consensus rating of Hold for the current week Meredith Corporation (NYSE:MDP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.25 and $53.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.48, notching a gain of 1.00% for the day. The total traded volume was 202,365 . The stock had closed at $52.95 on the previous day.
In a related news, The officer (Chief Financial Officer), of Meredith Corp, Ceryanec Joseph H had unloaded 9,145 shares at $54.03 per share in a transaction on August 1, 2016. The total value of transaction was $494,104. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Meredith Corporation is a media and marketing company. The Company operates two business segments namely local media and national media. Its national media segment includes national consumer media brands delivered via multiple media platforms including print magazines and digital and mobile media, brand licensing activities, database-related activities and business-to-business marketing products and services. The local media segment consists of the operations of network-affiliated television stations, related digital and mobile media, and video creation operations. Local media segment consists of 14 owned television stations and one operated television station located across the United States in digital and mobile media, and a national video creation unit.