Gannett Co. Inc. Reaches New 12-Month High at $27.08 (GCI)
Gannett Co. (NYSE:GCI)’s share price reached a new 52-week high on Wednesday, American Banking & Market News reports. The company traded as high as $27.08 and last traded at $26.99, with a volume of 1,763,969 shares traded. The stock had previously closed at $26.29.
A number of research firms have recently commented on GCI. Analysts at Zacks reiterated a “hold” rating on shares of Gannett Co. in a research note to investors on Wednesday, October 9th. They now have a $27.00 price target on the stock. Separately, analysts at UBS AG cut their price target on shares of Gannett Co. from $27.00 to $25.00 in a research note to investors on Wednesday, October 9th. They now have a “neutral” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Gannett Co. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $26.72.
Gannett Co. has a 1-year low of $16.35 and a 1-year high of $27.04. The stock’s 50-day moving average is $25. and its 200-day moving average is $23.75. The company has a market cap of $6.162 billion and a P/E ratio of 13.61.
Gannett Co. (NYSE:GCI) last issued its quarterly earnings data on Monday, July 22nd. The company reported $0.58 earnings per share (EPS) for the quarter, missing the 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 $2.12 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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