Analysts at Jefferies Reiterated their Past ‘Hold’ rating on Shares TEGNA Inc (NYSE:TGNA), Set a $14.0 Target

September 17, 2017 - By Stephen Andrade

 Analysts at Jefferies Reiterated their Past ‘Hold’ rating on Shares TEGNA Inc (NYSE:TGNA), Set a $14.0 Target

TEGNA Inc (NYSE:TGNA) Rating Reaffirmed

New York: In analysts report published on Monday, 11 September, Jefferies reconfirmed their Hold rating on TEGNA Inc (NYSE:TGNA) shares. They now have a $14.0 PT on the firm. Jefferies’s target indicates a potential upside of 14.19 % from the company’s previous 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. FBR Capital maintained the shares of TGNA in report on Thursday, December 8 with “Outperform” rating. The stock of Tegna Inc (NYSE:TGNA) has “Equal-Weight” rating given on Thursday, November 3 by Stephens. The stock has “Hold” rating by Jefferies on Tuesday, August 4. The stock has “Buy” rating by Noble Financial on Thursday, August 3. The firm earned “Buy” rating on Friday, August 19 by Benchmark. The firm earned “Underweight” rating on Friday, April 1 by Barclays Capital. The rating was maintained by Benchmark on Friday, June 16 with “Buy”. The firm has “Buy” rating given on Wednesday, July 12 by Noble Financial. The firm has “Mkt Perform” rating by FBR Capital given on Friday, July 28. The stock has “Overweight” rating by Stephens on Wednesday, November 18.

The stock increased 1.70% or $0.2 on September 15, reaching $12.26. About 3.15 million 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.

Investors wait Tegna Inc (NYSE:TGNA) to report on November, 1. its quarterly earnings Wall Street analysts expect $0.23 EPS, down $0.42 or 64.62 % from last year’s $0.65 same quarter earnings. This translates into $49.53 million profit for TGNA giving the stock a 13.33 P/E. This is assuming the current $0.23 EPS is accurate. Tegna Inc’s Wall Street analysts see -20.69 % negative EPS growth, taking into account the $0.29 EPS reproted in the previous quarter,

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 Inc. (GCI) Ex-Dividend Date Scheduled for August 30, 2017” on August 29, 2017, also Nasdaq.com with their article: “Ex-Dividend Reminder: TEGNA, Ross Stores and GameStop” published on September 05, 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: “TEGNA (TGNA) Down 17.2% Since Earnings Report: Can It Rebound?” with publication date: September 12, 2017.

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