Gannett Co. Director Purchases $31,380 in Stock (GCI)
Gannett Co. (NYSE:GCI) Director Lidia Fonseca bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was purchased at an average price of $31.38 per share, with a total value of $31,380.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $31,380. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
GCI has been the subject of a number of recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of Gannett Co. in a research note on Thursday, June 26th. They set a “buy” rating and a $24.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Gannett Co. in a research note on Wednesday, June 25th. They set a “buy” rating on the stock. Finally, 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. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $30.17.
Shares of Gannett Co. (NYSE:GCI) opened at 31.97 on Thursday. Gannett Co. has a 52 week low of $23.75 and a 52 week high of $32.29. The stock’s 50-day moving average is $28.92 and its 200-day moving average is $28.27. The company has a market cap of $7.251 billion and a price-to-earnings ratio of 21.58.
Gannett Co. (NYSE:GCI) last announced its earnings results 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. On average, analysts predict that Gannett Co. will post $2.67 earnings per share 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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