Noble Financial analyst Michael Kupinski maintained a Buy rating on Gannett Co (NYSE: GCI) yesterday and set a price target of $15. The company’s shares closed yesterday at $10.57.
According to TipRanks.com, Kupinski has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.4% and a 45.5% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, 1-800 Flowers.com, and McClatchy Company.
Currently, the analyst consensus on Gannett Co is a Hold with an average price target of $11.67.
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Based on Gannett Co’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $16.31 million. In comparison, last year the company had a GAAP net loss of $487K.
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Gannett Co., Inc. engages in the provision of media and marketing solutions. It operates through the Publishing and ReachLocal segments. The Publishing segment comprises USA TODAY NETWORK and Newsquest, which delivers content where and when consumers want to engage with it on virtually any device or platform.
