Gannett Co Inc (GCI) : Zacks Investment Research ranks Gannett Co Inc (GCI) as 4, which is a Sell recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 1.5, which indicates as a Strong Buy.
Gannett Co Inc (GCI) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $21 and the lowest price target forecast is $14. The average forecast of all the analysts is $17.5 and the expected standard deviation is $4.95.
For the current week, the company shares have a recommendation consensus of Buy. Also, Jefferies maintains its view on Gannett Co Inc (NYSE:GCI) 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. Jefferies lowers the price target from $15 per share to $14 per share on Gannett Co Inc. The rating by the firm was issued on July 28, 2016.
Gannett Co Inc (NYSE:GCI): The stock opened at $11.91 and touched an intraday high of $12.1 on Wednesday. During the day, the stock corrected to an intraday low of $11.91, however, the bulls stepped in and pushed the price higher to close in the green at $12.08 with a gain of 1.43% for the day. The total traded volume for the day was 827,069. The stock had closed at $11.91 in the previous trading session.
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.