Economy

TEGNA (NYSE:TGNA) Getting Somewhat Favorable Media Coverage, Analysis Finds

Analysts reported that the Price Target for TEGNA Inc. might touch $20 high while the Average Price Target and Low price Target is $15.77 and $13 respectively.

Analysts expect Equity Residential (NYSE:EQR) to report $0.79 EPS on October, 24 after the close.They anticipate $0.01 EPS change or 1.28% from last quarter's $0.78 EPS. During the same quarter in the prior year, the company posted $0.50 EPS.

TEGNA (NYSE:TGNA) last issued its earnings results on Tuesday, August 1st. The firm had revenue of $489.36 million for the quarter, compared to the consensus estimate of $486.29 million. During the same quarter in the previous year, the company earned $0.50 earnings per share. The business's revenue for the quarter was up 2.6% on a year-over-year basis.

A number of research analysts recently commented on the company. The firm set a "sector perform" rating and a $14.00 price target on the stock. The rating was maintained by Jefferies on Monday, September 11 with "Hold". BidaskClub cut shares of TEGNA from a "hold" rating to a "sell" rating in a research report on Tuesday, September 12th.

Some buy side analysts are also providing their Analysis on TEGNA Inc., where 2 analysts have rated the stock as Strong buy, 3 analysts have given a Buy signal, 5 said it's a HOLD, 1 reported it as Underperform and 0 analysts rated the stock as Sell. Jefferies reissued a "hold" recommendation and fixed a $16.00 target price on stock of TEGNA in a note on Thurs, Jun 1st.

Shares of TEGNA (NYSE:TGNA) traded up 0.63% during trading on Monday, reaching $12.87. 1,489,092 shares of the stock traded hands. Finally, State of Wisconsin Investment Board grew its position in shares of TEGNA by 17.0% in the 1st quarter.

The P/E ratio is now 15.789 and the market cap is 2.78B. The 50 day moving average went up by +1.072% and the 200 day average went down by -12.635%. Investors of record on Friday, September 8th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Thurs, Sep 7th. this indicates a $0.28 annual dividend and a payout of 2.18%. Ameritas Investment Partners Inc. purchased a new stake in TEGNA during the first quarter worth about $131,000. "(TGNA)" was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another publication, it was illegally copied and republished in violation of USA & worldwide copyright & trademark law. TGNA's profit would be $49.41 million giving it 14.07 P/E if the $0.23 EPS is correct.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of TEGNA by 3,145.3% in the first quarter. Synovus Financial Corp boosted its stake in shares of TEGNA by 4.4% during the second quarter. Victory Capital Management Inc. now owns 12,895,698 shares of the company's stock worth $185,828,000 after purchasing an additional 6,127,293 shares during the period. Laurion Capital Management LP acquired a new stake in TEGNA during the second quarter worth approximately $26,294,000. Finally, Iberiabank Corp acquired a new stake in shares of TEGNA during the second quarter valued at about $170,000.

The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/09/26/royal-bank-of-canada-initiates-coverage-on-tegna-inc-tgna.html. The Company operates through TEGNA Media (Media Segment) and TEGNA Digital (Digital Segment) segments. 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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