Gannett Co Inc (GCI) : Zacks Investment Research ranks Gannett Co Inc (GCI) as 1, which is a Strong Buy recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 1.5, which indicates as a Strong Buy.
Gannett Co Inc (GCI) : The highest short term price target forecast on Gannett Co Inc (GCI) is $23 and the lowest target price is $17. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $20 with a standard deviation of $4.24.
Gannett Co Inc (NYSE:GCI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.33 and $13.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.67, notching a gain of 2.47% for the day. The total traded volume was 5,301,650 . The stock had closed at $13.34 on the previous day.
The company shares have rallied 18.05% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $17.91 and the one year low was seen on Jul 8, 2015. The 50-Day Moving Average price is $15.07 and the 200 Day Moving Average price is recorded at $15.33.
Gannett Co., Inc., formerly Gannett Spinco, 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. Its Digital business segment includes Cars.com, CareerBuilder, PointRoll and Shoplocal.