TEGNA (NYSE: TGNA) recently received a number of ratings updates from brokerages and research firms:

  • 11/1/2017 – TEGNA had its “hold” rating reaffirmed by analysts at FBR & Co. They now have a $15.00 price target on the stock.
  • 10/18/2017 – TEGNA is now covered by analysts at Guggenheim. They set a “buy” rating and a $17.00 price target on the stock.
  • 10/16/2017 – TEGNA had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $14.00 price target on the stock.
  • 10/13/2017 – TEGNA was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/11/2017 – TEGNA had its “buy” rating reaffirmed by analysts at Noble Financial.
  • 10/2/2017 – TEGNA was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/28/2017 – TEGNA was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/26/2017 – TEGNA is now covered by analysts at Royal Bank Of Canada. They set a “sector perform” rating and a $14.00 price target on the stock.
  • 9/22/2017 – TEGNA had its “hold” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $14.00 price target on the stock.
  • 9/20/2017 – TEGNA had its “hold” rating reaffirmed by analysts at FBR & Co. They now have a $15.00 price target on the stock.
  • 9/13/2017 – TEGNA was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “TEGNA seems to be soaring high, post the completion of its two strategic business moves. On one side, TEGNA plans to use the $250 million of gross proceeds from the sale of its web portal CareerBuilder, to clear off existing debt. While the spin-off of its auto-sales website, Cars.com into two publicly traded companies: TEGNA and Cars.com, should increase TEGNA's growth opportunities and appropriate market valuations. Moreover, TEGNA’s media business is faring well, evident from the revenue growth. However, TEGNA’s operation in a competitive broadcast TV industry remains a concern. The U.S. broadcast TV industry has long been grappling with declining advertising revenues and global economic volatility. Over the past three months, the stock price declined 15.7% as against the industry’s gain of 5.7%.”
  • 9/12/2017 – TEGNA was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

TEGNA (NYSE:TGNA) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. TEGNA had a net margin of 11.90% and a return on equity of 20.51%. The firm had revenue of $489.36 million for the quarter, compared to analyst estimates of $486.29 million. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis.

Tegna Inc has a portfolio of media and digital businesses that provide content. The Company’s segments include TEGNA Media (Media) and TEGNA Digital (Digital). As of December 31, 2016, its media business included 46 television stations operating in 38 markets and offered television programming and digital content.

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