Gannett Co Inc (GCI) : 3 brokerage houses believe that Gannett Co Inc (GCI) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Gannett Co Inc (GCI). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 4 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.
Gannett Co Inc (GCI) stock is expected to deviate a maximum of $4.24 from the average target price of $20 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $23 and the most muted being $17.
For the current week, the company shares have a recommendation consensus of Buy.
Gannett Co Inc (NYSE:GCI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.10 and $14.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.20, notching a gain of 1.65% for the day. The total traded volume was 1,402,545 . The stock had closed at $13.97 on the previous day.
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.