Gannett Co. VP David Payne Unloads 23,000 Shares (GCI)
Gannett Co. (NYSE:GCI) VP David Payne unloaded 23,000 shares of the stock on the open market in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $29.45, for a total transaction of $677,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Gannett Co. (NYSE:GCI) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.02. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $0.56 earnings per share. Gannett Co.’s revenue was down 4.3% compared to the same quarter last year.
A number of analysts have recently weighed in on GCI shares. 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. Separately, analysts at UBS AG raised their price target on shares of Gannett Co. from $25.00 to $30.00 in a research note to investors on Monday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Gannett Co. in a research note to investors on Thursday, December 26th. They now have a $30.00 price target on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $29.06.
Gannett Co, Inc is an international media and marketing solutions company, delivering content and services across an integrated, multiplatform portfolio.
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