Shares of TEGNA Inc. (NYSE:TGNA) have earned a consensus rating of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $17.14.

A number of equities analysts have recently commented on the stock. Barrington Research reiterated a “buy” rating and set a $18.00 price target on shares of TEGNA in a report on Tuesday, August 6th. Stephens lowered shares of TEGNA from an “overweight” rating to an “equal” rating and cut their price target for the stock from $19.00 to $17.00 in a report on Tuesday, June 11th. Cannonball Research assumed coverage on shares of TEGNA in a report on Wednesday, August 21st. They set a “neutral” rating and a $17.00 price target on the stock. Wolfe Research upgraded shares of TEGNA from a “market perform” rating to an “outperform” rating in a report on Monday, August 19th. Finally, ValuEngine lowered shares of TEGNA from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.

Shares of NYSE TGNA traded down $0.16 during midday trading on Friday, reaching $15.97. 2,123,500 shares of the company were exchanged, compared to its average volume of 2,430,494. The stock’s 50-day moving average price is $14.78 and its 200-day moving average price is $15.02. The stock has a market cap of $3.47 billion, a P/E ratio of 8.73, a PEG ratio of 1.31 and a beta of 1.47. TEGNA has a one year low of $10.24 and a one year high of $16.58. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 2.05.

TEGNA (NYSE:TGNA) last posted its earnings results on Tuesday, August 6th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $536.90 million for the quarter, compared to analysts’ expectations of $534.10 million. TEGNA had a net margin of 18.24% and a return on equity of 28.43%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 earnings per share. On average, equities research analysts anticipate that TEGNA will post 1.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 6th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.75%. TEGNA’s dividend payout ratio (DPR) is presently 15.30%.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in TEGNA by 0.4% in the second quarter. BlackRock Inc. now owns 25,904,017 shares of the company’s stock valued at $392,444,000 after buying an additional 97,933 shares during the period. Vanguard Group Inc. lifted its holdings in TEGNA by 3.9% in the second quarter. Vanguard Group Inc. now owns 22,630,199 shares of the company’s stock valued at $342,848,000 after buying an additional 841,666 shares during the period. AQR Capital Management LLC lifted its holdings in TEGNA by 14.4% in the second quarter. AQR Capital Management LLC now owns 10,710,361 shares of the company’s stock valued at $159,691,000 after buying an additional 1,349,780 shares during the period. Standard General L.P. acquired a new position in TEGNA in the second quarter valued at $134,378,000. Finally, LSV Asset Management lifted its holdings in TEGNA by 5.8% in the second quarter. LSV Asset Management now owns 6,629,361 shares of the company’s stock valued at $100,434,000 after buying an additional 362,300 shares during the period. Institutional investors and hedge funds own 99.49% of the company’s stock.


TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. 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.

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Analyst Recommendations for TEGNA (NYSE:TGNA)

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