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Gannett Co. (NYSE:GCI)‘s stock had its “neutral” rating restated by Zacks in a research report issued on Friday, Analyst Ratings reports. They currently have a $29.00 price objective on the stock. Zacks‘s price target points to a potential upside of 6.50% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Argus raised their price target on shares of Gannett Co. from $32.00 to $35.00 in a research note on Monday, March 24th. They now have a “buy” rating on the stock. Separately, analysts at Barclays upgraded shares of Gannett Co. from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, March 19th. They now have a $25.00 price target on the stock, up previously from $24.00. Finally, analysts at CIBC upgraded shares of Gannett Co. from an “underperform” rating to a “sector outperform” rating in a research note on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $30.69.

Shares of Gannett Co. (NYSE:GCI) traded up 0.18% during mid-day trading on Friday, hitting $27.28. The stock had a trading volume of 1,676,478 shares. Gannett Co. has a 1-year low of $19.72 and a 1-year high of $30.43. The stock has a 50-day moving average of $27.42 and a 200-day moving average of $27.71. The company has a market cap of $6.203 billion and a price-to-earnings ratio of 16.40.

Gannett Co. (NYSE:GCI) last released its earnings data on Wednesday, April 23rd. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.01. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the company posted $0.37 earnings per share. Gannett Co.’s revenue was up 13.4% compared to the same quarter last year. Analysts expect that Gannett Co. will post $2.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Investors of record on Friday, June 6th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Wednesday, June 4th.

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

To view Zacks’ full report, visit Zacks’ official website.

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