1 day Ago By ABMN Staff
Gannett ( NYSE:GCI – Get Free Report ) was upgraded by equities researchers at Citigroup from a “sell” rating to a “neutral” rating in a report issued on Tuesday, Marketbeat Ratings reports. The firm currently has a $5.10 price target on the stock.
Citigroup’s price objective suggests a potential downside of 9.17% from the company’s previous close. Separately, JMP Securities raised Gannett to a “strong-buy” rating in a research note on Friday, August 2nd.
Get Our Latest Research Report on GCI Gannett Stock Performance Gannett ( NYSE:GCI – Get Free Report ) last posted its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.
06) by $0.25. Gannett had a negative return on equity of 17.
12% and a negative net margin of 3.71%. The firm had revenue of $639.
84 million for the quarter. Institutional Trading of Gannett Large investors have recently added to or reduced their stakes in the company. Simplicity Wealth LLC purchased a new position in Gannett during the first quarter valued at approximately $25,000.
Focus Financial Network Inc. ADV purchased a new stake in Gannett in the 4th quarter worth approximately $25,000. Cambiar Investors LLC acquired a new stake in shares of Gannett during the 2nd quarter valued at $49,000.
Dark Forest Capital Management LP purchased a new position in shares of Gannett during the 2nd quarter valued at $57,000. Finally, Sei Investments Co. acquired a new position in shares of Gannett in the second quarter worth $64,000.
76.71% of the stock is owned by institutional investors and hedge funds. Gannett Company Profile ( Get Free Report ) Gannett Co, Inc operates as a media and marketing solutions company in the United States.
It operates through three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The company's print offerings includes home delivery on a subscription basis; single copy; non-daily publications, such as shoppers and niche publications. Further Reading Receive News & Ratings for Gannett Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gannett and related companies with MarketBeat.
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