Benchmark Co. analyst Daniel Kurnos maintained a Buy rating on TEGNA (TGNA – Research Report) today and set a price target of $22.00. The company’s shares closed yesterday at $15.45.
Kurnos covers the Technology sector, focusing on stocks such as Roku, Amazon, and IAC/InteractiveCorp.. According to TipRanks, Kurnos has an average return of 2.7% and a 45.55% success rate on recommended stocks.
Currently, the analyst consensus on TEGNA is a Moderate Buy with an average price target of $19.50.
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Based on TEGNA’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $731.51 million and a net profit of $200.11 million. In comparison, last year the company earned a revenue of $784.88 million and had a net profit of $131.57 million
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TGNA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
TEGNA (TGNA) Company Description:
TEGNA, Inc. engages in the provision of media services. It offers TEGNA Marketing Solutions, a one-stop shop that helps businesses through a suite of services and solutions that reach consumers across television, email, social and over-the-top (OTT) platforms, including Premion, TEGNA’s OTT advertising service. The company was founded by Frank E. Gannett in 1906 and is headquartered in Tysons, VA.
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