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Gannett Co. (NYSE:GCI) was upgraded by investment analysts at Ned Davis Research from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, reports.

In other Gannett Co. news, Director Tony Prophet purchased 2,000 shares of the stock on the open market in a transaction dated Thursday, February 6th. The stock was purchased at an average price of $27.37 per share, with a total value of $54,740.00. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $54,740. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Gannett Co. (NYSE:GCI) traded up 0.25% on Monday, hitting $27.78. 2,108,153 shares of the company’s stock traded hands. Gannett Co. has a 52-week low of $18.89 and a 52-week high of $30.43. The stock’s 50-day moving average is $28.46 and its 200-day moving average is $26.67. The company has a market cap of $6.331 billion and a P/E ratio of 16.69.

Gannett Co. (NYSE:GCI) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. On average, analysts predict that Gannett Co. will post $2.74 earnings per share for the current fiscal year.

GCI has been the subject of a number of other recent research reports. Analysts at Benchmark Co. raised their price target on shares of Gannett Co. from $32.00 to $33.00 in a research note to investors on Friday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Gannett Co. in a research note to investors on Thursday. They now have a $28.00 price target on the stock. Finally, 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, February 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $29.81.

Gannett Co, Inc is an international media and marketing solutions company, delivering content and services across an integrated, multiplatform portfolio.

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