Jefferies Maintains Gannett Co Inc to Hold with Price Target $14.00

Brokerage firm Jefferies Maintains its rating on Gannett Co Inc(NYSE:GCI). In a research note issued to the investors, the brokerage major Lowers the price-target to $14.00 per share. The shares have been rated Hold. The rating by Jefferies was issued on Jul 28, 2016.

In a different note, On Jul 11, 2016, Jefferies said it Maintains its rating on Gannett Co Inc. In the research note, the firm Lowers the price-target to $17.00 per share. The shares have been rated ‘Hold’ by the firm.

Gannett Co Inc (GCI) made into the market gainers list on Thursdays trading session with the shares advancing 0.33% or 0.04 points. Due to strong positive momentum, the stock ended at $12.05, which is also near the day’s high of $12.1. The stock began the session at $12.06 and the volume stood at 12,57,500 shares. The 52-week high of the shares is $17.91 and the 52 week low is $11.73. The company has a current market capitalization of $1,404 M and it has 11,65,28,096 shares in outstanding.

Gannett Co Inc has also declared a cash dividend of $0.1600 on Jul 19, 2016. The shares will quote ex-dividend on Sep 1, 2016 and the record date has been fixed on Sep 6, 2016. The dividend payable date has been fixed on Sep 19, 2016.

Gannett Co Inc(GCI) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $748.79M. Analysts had an estimated revenue of $787.10M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.31.

Several Insider Transactions has been reported to the SEC. On Nov 25, 2015, Robert J. Dickey (President and CEO) sold 18,556 shares at $17.46 per share price.Also, On Nov 6, 2015, David A. Payne (Chief Product Officer) sold 7,325 shares at $16.95 per share price.On Nov 6, 2015, Barbara W. Wall (SVP and Chief Legal Officer) sold 1 shares at $16.09 per share price, according to the Form-4 filing with the securities and exchange commission.

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 CareerBuilder PointRoll and Shoplocal.

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