Gannett Co Inc (GCI) : 4 analysts are covering Gannett Co Inc (GCI) and their average rating on the stock is 1.5, which is read as a Strong 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. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Gannett Co Inc (GCI) : 2 investment research analysts covering Gannett Co Inc (GCI) have an average price target of $16.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $19 and the lowest target is $14 for the short term. Analysts expect the variance to be within $3.54 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Gannett Co Inc (NYSE:GCI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.71 and $11.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.64, notching a gain of 0.09% for the day. The total traded volume was 1,415,077 . The stock had closed at $11.63 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Dickey Robert J., director officer (President and CEO) of Gannett Co., Inc., had unloaded 18,556 shares at an average price of $17.46 in a transaction dated on November 24, 2015. The total value of the transaction was worth $323,988.
Gannett Co., Inc., formerly Gannett Spinco, 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. Its Digital business segment includes Cars.com, CareerBuilder, PointRoll and Shoplocal.