New York Times Company (The) (NYT) : Zacks Investment Research ranks New York Times Company (The) (NYT) as 3, which is a Hold recommendation. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 2 research analysts is 3, which indicates as a Hold.
New York Times Company (The) (NYT) : 2 Wall Street analysts covering New York Times Company (The) (NYT) believe that the average level the stock could reach for the short term is $14. The maximum price target given is $15 and the minimum target for short term is around $13, hence the standard deviation is calculated at $1.41.
New York Times Company (The) (NYSE:NYT): After opening at $12.27, the stock dipped to an intraday low of $12.2 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.41 and the buying power remained strong till the end. The stock closed at $12.34 for the day, a gain of 0.73% for the day session. The total traded volume was 658,498. The stocks close on the previous trading day was $12.25.
The New York Times Company is a media organization focused on creating, collecting and distributing news and information. The Company includes newspapers, digital businesses and investments in paper mills. The Companys businesses include The New York Times (The Times); the International New York Times (INYT), the international edition of The Times; its Websites, NYTimes.com and international.nytimes.com, and related businesses, such as The Times news services division, digital archive distribution, conferences business and other products and services. The Times is a daily (Monday to Saturday) and Sunday newspaper, and INYT is a daily newspaper. The Companys content reaches its audience through its print products, online and through other digital media, including smartphone, tablet and e-reader applications. The Company generates revenues principally from circulation and advertising.