Gannett Co. Inc. Sets New 1-Year High at $26.90 (GCI)
Gannett Co. (NYSE:GCI) set a new 52-week high during trading on Wednesday, StockRatingsNetwork.com reports. The stock traded as high as $26.90 and last traded at $26.62, with a volume of 2,683,408 shares. The stock had previously closed at $25.75.
A number of analysts have recently weighed in on GCI shares. Analysts at Zacks reiterated a “neutral” rating on shares of Gannett Co. (NYSE:GCI) in a research note to investors on Monday, July 29th. They now have a $27.00 price target on the stock. Analysts at Benchmark Co. raised their price target on shares of Gannett Co. (NYSE:GCI) from $29.00 to $30.00 in a research note to investors on Tuesday, July 23rd. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $26.15.
Gannett Co. has a 52 week low of $16.35 and a 52 week high of $26.88. The stock’s 50-day moving average is $25.15 and its 200-day moving average is $23.29. The company has a market cap of $6.127 billion and a P/E ratio of 13.33.
Gannett Co. (NYSE:GCI) last announced its earnings results on Monday, July 22nd. The company reported $0.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.59 by $0.01. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the company posted $0.56 earnings per share. Gannett Co.’s revenue was down .3% compared to the same quarter last year. On average, analysts predict that Gannett Co. will post $2.17 earnings per share for the current fiscal year.
Gannett Co, Inc is an international media and marketing solutions company, delivering content and services across an integrated, multiplatform portfolio.
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