Gannett Co. Given “Neutral” Rating at Zacks (GCI)
Gannett Co. (NYSE:GCI)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. They currently have a $28.00 target price on the stock. Zacks‘ price objective would indicate a potential upside of 3.78% from the company’s current price.
In other Gannett Co. news, Director Tony A. Prophet acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was purchased at an average price of $27.37 per share, with a total value of $54,740.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Thomson Reuters/Verus downgraded shares of Gannett Co. from a “buy” rating to a “hold” rating in a research note to investors on Monday. Separately, analysts at Ned Davis Research downgraded shares of Gannett Co. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $28.83.
Gannett Co. (NYSE:GCI) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.01. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the company posted $0.89 earnings per share. Gannett Co.’s revenue was down 9.9% compared to the same quarter last 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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