New York Times Company (The) (NYSE:NYT) : 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on New York Times Company (The) (NYSE:NYT). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 2 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
New York Times Company (The) (NYSE:NYT) : The highest level New York Times Company (The) (NYSE:NYT) is projected to reach is $15 for the short term and the lowest estimate is at $13. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $14 and the possibility the share price can swing is $1.
Company shares have received an average consensus rating of Hold for the current week
New York Times Company (The) (NYSE:NYT): stock turned positive on Tuesday. Though the stock opened at $11.6, the bulls momentum made the stock top out at $11.695 level for the day. The stock recorded a low of $11.56 and closed the trading day at $11.66, in the green by 1.04%. The total traded volume for the day was 1,276,051. The stock had closed at $11.54 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Benten R Anthony, officer (SVP, Finance & Controller) of New York Times Co, had unloaded 14,464 shares at an average price of $12.06 in a transaction dated on June 2, 2016. The total value of the transaction was worth $174,436.
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.