Shares of Tegna Inc (NYSE:TGNA) have earned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $18.50.
TGNA has been the topic of several analyst reports. Guggenheim initiated coverage on Tegna in a report on Wednesday, October 18th. They set a “buy” rating and a $17.00 target price on the stock. BidaskClub lowered Tegna from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 7th. Noble Financial reissued a “buy” rating on shares of Tegna in a report on Tuesday, December 19th. ValuEngine raised Tegna from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Wells Fargo & Co raised Tegna from a “market perform” rating to an “outperform” rating and set a $19.00 target price on the stock in a report on Thursday, January 4th.
In related news, SVP Clifton A. Mcclelland III sold 7,740 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $13.69, for a total value of $105,960.60. Following the sale, the senior vice president now directly owns 32,335 shares of the company’s stock, valued at $442,666.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.81% of the company’s stock.
Tegna (TGNA) traded down $0.35 during mid-day trading on Friday, reaching $12.93. The company’s stock had a trading volume of 832,870 shares, compared to its average volume of 2,083,351. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 4.30. The company has a market cap of $2,959.08, a PE ratio of 9.69, a price-to-earnings-growth ratio of 6.78 and a beta of 1.65. Tegna has a 1 year low of $11.59 and a 1 year high of $17.08.
Tegna (NYSE:TGNA) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $464.26 million for the quarter, compared to analysts’ expectations of $463.23 million. Tegna had a return on equity of 20.50% and a net margin of 11.10%. The company’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 EPS. equities research analysts expect that Tegna will post 1.08 earnings per share for the current fiscal year.
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Tegna Company Profile
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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