Gannett Co. Downgraded to “Neutral” at Ned Davis Research (GCI)
Gannett Co. (NYSE:GCI) was downgraded by investment analysts at Ned Davis Research from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, AnalystRatings.NET reports.
Shares of Gannett Co. (NYSE:GCI) traded down 0.67% on Monday, hitting $27.285. The stock had a trading volume of 1,167,738 shares. Gannett Co. has a 52 week low of $18.38 and a 52 week high of $30.43. The stock has a 50-day moving average of $28.15 and a 200-day moving average of $26.60. The company has a market cap of $6.218 billion and a P/E ratio of 16.06.
GCI has been the subject of a number of other recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of Gannett Co. from a “hold” rating to a “buy” rating in a research note to investors on Monday, January 13th. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of Gannett Co. in a research note to investors on Friday, January 10th. They set a “neutral” rating on the stock. Finally, 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, December 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus 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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