TEGNA Inc. (NYSE:TGNA) has been assigned a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $15.56.

A number of equities research analysts have issued reports on the company. ValuEngine downgraded TEGNA from a “hold” rating to a “sell” rating in a research note on Monday, April 27th. Wells Fargo & Co boosted their price target on TEGNA from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. TheStreet downgraded TEGNA from a “b-” rating to a “c+” rating in a research note on Friday, April 17th. Cfra cut their price target on TEGNA from $19.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Finally, Barrington Research restated a “buy” rating and set a $17.00 price target on shares of TEGNA in a research note on Thursday.

NYSE TGNA opened at $10.13 on Thursday. TEGNA has a one year low of $9.61 and a one year high of $18.31. The stock has a 50-day moving average of $11.05 and a 200 day moving average of $14.86. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 0.64 and a beta of 1.31. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.96 and a current ratio of 1.96.

TEGNA (NYSE:TGNA) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. TEGNA had a return on equity of 21.61% and a net margin of 12.10%. The company had revenue of $684.20 million during the quarter, compared to the consensus estimate of $684.00 million. During the same period last year, the company earned $0.29 EPS. TEGNA’s revenue for the quarter was up 32.4% on a year-over-year basis. On average, equities analysts predict that TEGNA will post 1.7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 5th will be issued a $0.07 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.28 dividend on an annualized basis and a yield of 2.76%. TEGNA’s dividend payout ratio is presently 20.29%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in TEGNA in the 4th quarter worth approximately $2,794,000. Mercer Global Advisors Inc. ADV lifted its holdings in TEGNA by 12.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 18,343 shares of the company’s stock worth $306,000 after purchasing an additional 2,069 shares in the last quarter. Ackerman Capital Advisors LLC purchased a new position in TEGNA in the 4th quarter worth approximately $367,000. Credit Suisse AG lifted its holdings in TEGNA by 19.4% in the 4th quarter. Credit Suisse AG now owns 262,173 shares of the company’s stock worth $4,375,000 after purchasing an additional 42,635 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of TEGNA by 28.6% during the 3rd quarter. Stifel Financial Corp now owns 58,563 shares of the company’s stock worth $904,000 after acquiring an additional 13,013 shares in the last quarter. 99.87% of the stock is currently owned by institutional investors.

About TEGNA

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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