Stock Price of TEGNA Inc. (TGNA) Increases 0.85%

TEGNA Inc.s in-depth stock price analysis indicates that the stock price has rallied 3.14% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 13.26% . Looking at the past 52 week period, the stock price is up at 6.72% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of TEGNA Inc. has a negative value of -8.82 compared to overall market performance. TEGNA Inc. (NYSE:TGNA) has climbed 0.85% in the past week and advanced 9.49% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 0.04% and the outperformance has advanced to 7.53% for the last 4 weeks period.

TEGNA Inc. (NYSE:TGNA) : On Friday heightened volatility was witnessed in TEGNA Inc. (NYSE:TGNA) which led to swings in the share price. The stock opened for trading at $23.55 and hit $23.72 on the upside , eventually ending the session at $23.66, with a gain of 0.9% or 0.21 points. The heightened volatility saw the trading volume jump to 1,575,585 shares. The 52-week high of the share price is $25.38 and the company has a market cap of $5,073 million. The 52-week low of the share price is at $17.91 .

Tegna Inc Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $0.58. The company had revenue of $860.27 million for the quarter, compared to analysts expectations of $869.79 million. The companys revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by FBR & Co. on Dec 8, 2016 to Outperform, Raises Price Target to $ 28 from a previous price target of $26 .Tegna Inc was Downgraded by JP Morgan to Neutral on Nov 23, 2016.

TEGNA owns the broadcasting assets of the legacy Gannett company following its June 2015 split into two publicly traded companies – a broadcasting and digital company called TEGNA, Inc. (Ticker: TGNA) and a publishing company called Gannett Co., Inc. (Ticker: GCI). TEGNA owns 64 television stations and is the largest independent television station group of major network affiliates in the top 25 markets. TEGNAs digital assets include sites like Cars.com, CareerBuilder and others.

TEGNA

Leave a Reply

Get Pre-Market Alerts!

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