Gannett Co. Coverage Initiated by Analysts at Jefferies Group (GCI)
Equities researchers at Jefferies Group began coverage on shares of Gannett Co. (NYSE:GCI) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Gannett Co. in a research note on Wednesday, June 18th. They now have a $30.00 price target on the stock. Separately, analysts at Noble Financial reiterated a “buy” rating on shares of Gannett Co. in a research note on Thursday, May 15th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Gannett Co. currently has a consensus rating of “Buy” and a consensus price target of $31.40.
Gannett Co. (NYSE:GCI) traded up 5.07% during mid-day trading on Wednesday, hitting $30.67. The stock had a trading volume of 3,570,603 shares. Gannett Co. has a 1-year low of $23.70 and a 1-year high of $30.43. The stock has a 50-day moving average of $28.25 and a 200-day moving average of $28.03. The company has a market cap of $6.956 billion and a price-to-earnings ratio of 19.84.
Gannett Co. (NYSE:GCI) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts expect that Gannett Co. will post $2.67 EPS for the current fiscal 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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