Media General Rating Lowered to Neutral at Zacks (MEG)
Media General (NYSE:MEG) was downgraded by Zacks to a “neutral” rating in a research report issued to clients and investors on Friday. They currently have a $20.50 target price on the stock. Zacks‘s target price would indicate a potential upside of 2.30% from the company’s current price.
Media General (NYSE:MEG) traded up 2.54% on Friday, hitting $20.55. 359,798 shares of the company’s stock traded hands. Media General has a one year low of $9.68 and a one year high of $23.97. The stock’s 50-day moving average is $17.62 and its 200-day moving average is $18.25. The company has a market cap of $1.824 billion and a P/E ratio of 164.26.
Several other analysts have also recently commented on the stock. Analysts at Wedbush initiated coverage on shares of Media General in a research note on Tuesday. They set an “outperform” rating and a $24.00 price target on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Media General currently has an average rating of “Buy” and an average price target of $21.83.
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.
To view Zacks’ full report, visit Zacks’ official website.
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