TEGNA (TGNA) : 8 analysts are covering TEGNA (TGNA) and their average rating on the stock is 2.5, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
TEGNA (TGNA) : Average target price received by TEGNA (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.
TEGNA (NYSE:TGNA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.47 and $22.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.96, notching a gain of 1.82% for the day. The total traded volume was 1,691,868 . The stock had closed at $22.55 on the previous day.
Also, Equity Analysts at the Evercore ISI Group downgrades the rating on TEGNA (NYSE:TGNA). The brokerage firm has issued a Hold rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 10, 2016.
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.