Gannett Co. Receives Average Rating of “Buy” from Analysts (NYSE:GCI)
Gannett Co. (NYSE:GCI) has been given an average recommendation of “Buy” by the twelve ratings firms that are presently covering the stock, Stock Ratings News reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $34.00.
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.
Gannett Co. (NYSE:GCI) opened at 33.76 on Thursday. Gannett Co. has a 52-week low of $23.75 and a 52-week high of $35.70. The stock has a 50-day moving average of $33.35 and a 200-day moving average of $29.70. The company has a market cap of $7.618 billion and a price-to-earnings ratio of 17.97.
Gannett Co. (NYSE:GCI) last released its earnings data on Tuesday, July 22nd. The company reported $0.67 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.58 earnings per share. Gannett Co.’s revenue was up 12.1% compared to the same quarter last year. Analysts expect that Gannett Co. will post $2.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Friday, September 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.37%. 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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