TEGNA (NYSE:TGNA) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.33 by 9 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Major Brokerage house, Evercore ISI Group downgrades its ratings on TEGNA (NYSE:TGNA). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 10, 2016.
TEGNA (NYSE:TGNA): According to 6 Analysts, The short term target price has been estimated at $ 28.17.The target price could deviate by a maximum of $4.96 from the forecast price. In the near term, the target price could hit a high of $34 and a low of $ 21.
TEGNA (NYSE:TGNA) witnessed a decline in the market cap on Tuesday as its shares dropped 0.71% or 0.16 points. After the session commenced at $22.63, the stock reached the higher end at $22.68 while it hit a low of $22.16. With the volume soaring to 1,251,032 shares, the last trade was called at $22.41. The company has a 52-week high of $33.4. The company has a market cap of $4,876 million and there are 217,587,940 shares in outstanding. The 52-week low of the share price is $21.11.
Shares of TEGNA Inc. appreciated by 0.36% during the last five trading days but lost 0.1% on a 4-week basis. TEGNA Inc. has dropped 6.64% during the last 3-month period . Year-to-Date the stock performance stands at -11.14%.
TEGNA Inc., formerly Gannett Co., 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. The Companys Digital business segment includes Cars.com, CareerBuilder and Shoplocal.