Media General (NYSE:MEG) : Zacks Investment Research ranks Media General (NYSE:MEG) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 2.33, which indicates as a Buy.
Company shares have received an average consensus rating of Hold for the current week
Media General (NYSE:MEG): On Tuesdays trading session , Opening price of the stock was $16.97 with an intraday high of $17.1. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.73. However, the stock managed to close at $16.8, a loss of 0.06% for the day. On the previous day, the stock had closed at $16.81. The total traded volume of the day was 716,099 shares.
In an insider trading activity, The Securities and Exchange Commission has divulged that Muse John R, director of Media General Inc, had unloaded 521,450 shares at an average price of $17.56 in a transaction dated on June 20, 2016. The total value of the transaction was worth $9,156,662.
Media General, Inc., formerly Mercury New Holdco, Inc., is a connected-screen multimedia company. The Company provides news, information and entertainment. The Companys segment include Broadcast segment, which has around 71 television stations that are either owned, operated or serviced by the Company in around 48 United States markets, all of which are engaged principally in the sale of television advertising, and Digital segment, which includes digital companies: LIN Digital, LIN Mobile, HYFN, Inc. (HYFN), Dedicated Media, Inc. (Dedicated Media), BiteSize TV and Federated Media, as well as the business operations related to the television station companion Websites. LIN Digital provides display and video advertising. LIN Mobile provides mobile advertising. Federated Media provides display and video advertising. Dedicated Media provides marketing, data focusing and analytics for digital marketing campaigns. HYFN is a digital agency. BiteSize TV is a video content creator.