TEGNA Inc (NYSE:TGNA): Jefferies Reconfirms Hold Rating Today, Has a Target of $14.0/Share

September 17, 2017 - By Darrin Black

 TEGNA Inc (NYSE:TGNA): Jefferies Reconfirms Hold Rating Today, Has a Target of $14.0/Share

TEGNA Inc (NYSE:TGNA) Rating Reaffirmed

In a report sent to clients and investors this morning, Jefferies restate their Hold rating on TEGNA Inc (NYSE:TGNA) shares. The TP indicates a possible upside of 14.19 % from company’s last stock close.

Tegna Inc (NYSE:TGNA) Ratings Coverage

Among 11 analysts covering Tegna Inc (NYSE:TGNA), 5 have Buy rating, 1 Sell and 5 Hold. Therefore 45% are positive. Tegna Inc has $35.0 highest and $14.0 lowest target. $24.78’s average target is 102.12% above currents $12.26 stock price. Tegna Inc had 30 analyst reports since August 4, 2015 according to SRatingsIntel. As per Wednesday, August 2, the company rating was maintained by Jefferies. The stock has “Underweight” rating by Barclays Capital on Friday, April 1. Stephens initiated it with “Overweight” rating and $34 target in Wednesday, November 18 report. The firm has “Buy” rating by Argus Research given on Monday, December 7. The stock of Tegna Inc (NYSE:TGNA) has “Buy” rating given on Friday, June 16 by Benchmark. On Friday, July 28 the stock rating was maintained by FBR Capital with “Mkt Perform”. Benchmark maintained Tegna Inc (NYSE:TGNA) on Monday, July 31 with “Buy” rating. The stock of Tegna Inc (NYSE:TGNA) has “Hold” rating given on Wednesday, July 27 by Jefferies. The firm has “Hold” rating given on Monday, September 11 by Jefferies. The firm earned “Equal-Weight” rating on Thursday, November 3 by Stephens.

The stock increased 1.70% or $0.2 on September 15, reaching $12.26. About 3.15M shares traded or 30.71% up from the average. Tegna Inc (NYSE:TGNA) has risen 3.02% since September 17, 2016 and is uptrending. It has underperformed by 13.68% the S&P500.

Wall Street await Tegna Inc (NYSE:TGNA) to release earnings on November, 1. Analysts forecast EPS of $0.23, down exactly $0.42 or 64.62 % from 2014’s $0.65 EPS. The expected TGNA’s profit could reach $49.53 million giving the stock 13.33 P/E in the case that $0.23 earnings per share is reported. After posting $0.29 EPS for the previous quarter, Tegna Inc’s analysts now forecast -20.69 % negative EPS growth.

Tegna Inc. has a portfolio of media and digital businesses that provide content. The company has market cap of $2.64 billion. The Company’s divisions include TEGNA Media and TEGNA Digital (Digital). It has a 6.62 P/E ratio. As of December 31, 2016, its media business included 46 television stations operating in 38 markets and offered television programming and digital content.

More notable recent Tegna Inc (NYSE:TGNA) news were published by: Nasdaq.com which released: “TEGNA (TGNA) Down 17.2% Since Earnings Report: Can It Rebound?” on September 12, 2017, also Nasdaq.com with their article: “TEGNA Inc. (TGNA) Ex-Dividend Date Scheduled for September 07, 2017” published on September 06, 2017, Nasdaq.com published: “Here’s Why You Should Dump TEGNA Inc from Your Portfolio (Revised)” on August 23, 2017. More interesting news about Tegna Inc (NYSE:TGNA) were released by: Businesswire.com and their article: “TEGNA Partners with The Salvation Army, United Van Lines, Mayflower and Pilot …” published on September 14, 2017 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: TEGNA, Ross Stores and GameStop” with publication date: September 05, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.