Wall Street Zen Downgrades USA Today (NYSE:TDAY) to Hold

USA Today (NYSE:TDAY) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other equities research analysts have also recently issued reports on TDAY. Citizens Jmp upped their target price on shares of USA Today from $6.00 to $8.00 and gave the company a “market outperform” rating in a report on Friday, February 27th. Weiss Ratings cut shares of USA Today from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $10.00 target price on shares of USA Today in a report on Thursday. New Street Research set a $8.05 target price on shares of USA Today in a report on Friday. Finally, Citigroup upped their target price on shares of USA Today from $6.75 to $8.05 and gave the company a “neutral” rating in a report on Friday. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, USA Today has an average rating of “Hold” and an average price target of $8.53.

USA Today Stock Down 0.5%

Shares of TDAY stock opened at $8.13 on Friday. The company has a debt-to-equity ratio of 6.33, a quick ratio of 0.77 and a current ratio of 0.79. The firm’s 50-day moving average is $7.37 and its 200-day moving average is $6.12. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 135.52 and a beta of 1.42. USA Today has a 52-week low of $3.15 and a 52-week high of $8.28.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TDAY. KBC Group NV bought a new position in USA Today in the 1st quarter valued at about $31,000. Principal Financial Group Inc. bought a new position in USA Today in the 3rd quarter valued at about $45,000. Public Employees Retirement System of Ohio bought a new position in USA Today in the 4th quarter valued at about $45,000. PharVision Advisers LLC bought a new position in USA Today in the 3rd quarter valued at about $51,000. Finally, Caprock Group LLC bought a new position in USA Today in the 3rd quarter valued at about $53,000. 76.71% of the stock is owned by institutional investors.

USA Today Company Profile

Gannett Co, Inc (NYSE: GCI) is a media and marketing solutions company headquartered in McLean, Virginia. As the largest U.S. newspaper publisher by circulation, Gannett publishes USA Today alongside more than 260 local news brands. The company’s multimedia platforms include daily and weekly newspapers, websites, mobile apps and a network of subscription-based digital products.

In addition to journalism and content production, Gannett offers a suite of digital marketing services designed to help small and medium-sized businesses grow online.