Gannett Co Inc (GCI) : 4 analysts are covering Gannett Co Inc (GCI) and their average rating on the stock is 1.5, which is read as a Strong Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Gannett Co Inc (GCI) stock is expected to deviate a maximum of $4.95 from the average target price of $17.5 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $21 and the most muted being $14.
Also, Equity Analysts at the Jefferies maintains the rating on Gannett Co Inc (NYSE:GCI). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency lowers the price target from $15 per share to $14 per share. The rating by the firm was issued on July 28, 2016.
Gannett Co Inc (NYSE:GCI): The stock opened in the green at $11.6 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $11.605 and a low of $11.48 for the day. The stock did not find buyers even at the lows and closed at $11.58 recording a loss of -0.17%. 680,284 shares exchanged hands during the trading day. The stock had closed at $11.6 in the previous days trading.
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.