TEGNA Inc. (TGNA) Increases Again; Strong Momentum for Buyers

July 11, 2018 - By Pete Kolinski

TEGNA Inc. (NYSE:TGNA) Logo

The stock of TEGNA Inc. (NYSE:TGNA) is a huge mover today! The stock increased 3.12% or $0.37 during the last trading session, reaching $12.22. About 4.89M shares traded or 111.56% up from the average. TEGNA Inc. (NYSE:TGNA) has declined 29.96% since July 11, 2017 and is downtrending. It has underperformed by 42.53% the S&P500.
The move comes after 7 months positive chart setup for the $2.64 billion company. It was reported on Jul, 11 by Barchart.com. We have $12.83 PT which if reached, will make NYSE:TGNA worth $131.80M more.

Analysts await TEGNA Inc. (NYSE:TGNA) to report earnings on August, 7 before the open. They expect $0.35 earnings per share, up 20.69 % or $0.06 from last year’s $0.29 per share. TGNA’s profit will be $75.50 million for 8.73 P/E if the $0.35 EPS becomes a reality. After $0.33 actual earnings per share reported by TEGNA Inc. for the previous quarter, Wall Street now forecasts 6.06 % EPS growth.

TEGNA Inc. (NYSE:TGNA) Ratings Coverage

Among 7 analysts covering TEGNA Inc (NYSE:TGNA), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. TEGNA Inc had 9 analyst reports since March 2, 2018 according to SRatingsIntel. The stock of TEGNA Inc. (NYSE:TGNA) earned “Buy” rating by Stephens on Wednesday, April 25. The company was maintained on Tuesday, March 20 by B. Riley & Co. FBR Capital maintained the shares of TGNA in report on Wednesday, May 9 with “Neutral” rating. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, April 3 report. The firm has “Underweight” rating given on Monday, March 5 by Barclays Capital. The firm has “Buy” rating by Guggenheim given on Thursday, April 12. Argus Research maintained it with “Buy” rating and $15 target in Wednesday, May 30 report. The rating was maintained by Barclays Capital with “Underweight” on Monday, April 23.

Another recent and important TEGNA Inc. (NYSE:TGNA) news was published by Bizjournals.com which published an article titled: “Leader at Denver’s KUSA-9News takes new role at Texas station” on July 10, 2018.

TEGNA Inc., a media company, provides broadcast advertising and marketing services and products for businesses. The company has market cap of $2.64 billion. The firm operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It has a 9.71 P/E ratio. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.

TEGNA Inc. (NYSE:TGNA) Ratings Chart

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