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Gannett Co. (NYSE:GCI) has earned an average rating of “Buy” from the twelve analysts that are presently covering the stock, AnalystRatings.NET reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $30.17.

Gannett Co. (NYSE:GCI) opened at 31.72 on Friday. Gannett Co. has a one year low of $23.75 and a one year high of $32.46. The stock’s 50-day moving average is $30.40 and its 200-day moving average is $28.58. The company has a market cap of $7.194 billion and a P/E ratio of 21.63.

Gannett Co. (NYSE:GCI) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.47 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts predict that Gannett Co. will post $2.67 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on GCI shares. 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.

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

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