Gannett Co Inc (GCI) Receives Price Target

Gannett Co Inc (GCI) : Currently there are 2 street experts covering Gannett Co Inc (GCI) stock. The most bullish and bearish price target for the stock is $21 and $14 respectively for the short term. The average price target of all the analysts comes to $17.5. The estimated standard deviation from the target is $4.95.

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.


Also, Jefferies maintains its rating on Gannett Co Inc (NYSE:GCI). The global brokerage major lowers the current price target from $15 per share to $14 per share. Analysts at the Jefferies have a current rating of Hold on the shares. The rating by the firm was issued on July 28, 2016.

Gannett Co Inc (NYSE:GCI): The stock was completely flat for the day, closing at $11.77 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $11.78, the stock touched an intraday high of $11.89 and a low of $11.67. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $11.77. The total trading volume on Thursday was 940,799.

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, CareerBuilder, PointRoll and Shoplocal.

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