Wedbush Initiates Coverage on Media General (MEG)
Media General (NYSE:MEG) traded up 4.17% on Tuesday, hitting $18.47. 1,070,354 shares of the company’s stock traded hands. Media General has a 52 week low of $9.06 and a 52 week high of $23.97. The stock’s 50-day moving average is $17.37 and its 200-day moving average is $18.23. The company has a market cap of $1.639 billion and a P/E ratio of 145.33.
A number of other firms have also recently commented on MEG. Analysts at Benchmark Co. initiated coverage on shares of Media General in a research note on Wednesday, May 28th. They set a “buy” rating and a $21.00 price target on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of Media General in a research note on Monday, May 12th. They set an “outperform” rating on the stock.
Media General, Inc is a provider of local news and information over multiple media platforms in small- and mid-size communities throughout the Southeastern United States.
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