Short Term Price Target on TEGNA (TGNA)

TEGNA (NYSE:TGNA) : Average target price received by TEGNA (NYSE:TGNA) is $28.17 with an expected standard deviation of $4.96. The most aggressive target on the stock is $34, whereas the most downbeat target is $21. 6 financial analysts are currently covering the stock.

Shares of TEGNA Inc. rose by 1.13% in the last five trading days and 1.98% for the last 4 weeks. TEGNA Inc. is up 2.2% in the last 3-month period. Year-to-Date the stock performance stands at -8.13%. Also, Evercore ISI Group downgrades its view on TEGNA (NYSE:TGNA) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on June 10, 2016.

TEGNA (NYSE:TGNA) : Zacks Investment Research ranks TEGNA (NYSE:TGNA) as 4, which is a Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2.33, which indicates as a Buy.

TEGNA (NYSE:TGNA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.55 and $22.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.17, notching a gain of 3.12% for the day. The total traded volume was 2,619,278 . The stock had closed at $22.47 on the previous day.

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, CareerBuilder and Shoplocal.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.