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Shares of Gannett Co. (NYSE:GCI) saw some unusual options trading activity on Wednesday. Stock traders purchased 2,888 call options on the company, Analyst Ratings Network reports. This is an increase of approximately 194% compared to the average volume of 982 call options.

In other Gannett Co. news, VP Teresa S. Gendron unloaded 11,250 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $34.34, for a total transaction of $386,325.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on GCI shares. Analysts at Jefferies Group raised their price target on shares of Gannett Co. from $35.00 to $39.00 in a research note on Wednesday, August 6th. Separately, analysts at FBR Capital Markets raised their price target on shares of Gannett Co. from $36.00 to $40.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Gannett Co. in a research note on Monday, July 28th. They now have a $35.00 price target on the stock. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $34.00.

Shares of Gannett Co. (NYSE:GCI) traded up 1.98% on Wednesday, hitting $34.03. 2,153,168 shares of the company’s stock traded hands. Gannett Co. has a one year low of $23.75 and a one year high of $35.70. The stock’s 50-day moving average is $32.38 and its 200-day moving average is $29.10. The company has a market cap of $7.679 billion and a P/E ratio of 17.77.

Gannett Co. (NYSE:GCI) last announced its earnings results on Tuesday, July 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts expect that Gannett Co. will post $2.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Friday, September 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Wednesday, September 3rd.

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

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