TEGNA (TGNA) Has Been Upgraded Today by Stephens to a “Overweight”

April 26, 2018 - By Peter Erickson

TEGNA Inc. (NYSE:TGNA) Logo

TEGNA (TGNA) Stock Upgrade

In an analyst report sent to clients and investors on 25 April, Stephens announced that they have decided to upgrade shares of TEGNA (TGNA) stock from a “Equal-Weight” to a “Overweight”.

The stock increased 3.82% or $0.41 during the last trading session, reaching $11.13. About 3.14M shares traded or 32.52% up from the average. TEGNA Inc. (TGNA) has declined 29.94% since April 26, 2017 and is downtrending. It has underperformed by 41.49% the S&P500.

Analysts await TEGNA Inc. (NYSE:TGNA) to report earnings on May, 8 before the open. They expect $0.31 EPS, down 6.06 % or $0.02 from last year’s $0.33 per share. TGNA’s profit will be $66.85M for 8.98 P/E if the $0.31 EPS becomes a reality. After $0.32 actual EPS reported by TEGNA Inc. for the previous quarter, Wall Street now forecasts -3.13 % negative EPS growth.

TEGNA Inc., a media company, operates a portfolio of broadcast stations and digital sites; and provides marketing service solutions for businesses. The company has market cap of $2.40 billion. The firm operates 46 television stations in 38 markets that produce local programming, such as news, sports, and entertainment. It has a 8.84 P/E ratio. The Company’s marketing services business provides solutions for clients on multiple channels, including broadcast, online, and OTT.

TEGNA Inc. (NYSE:TGNA) Ratings Chart

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