In a report released yesterday, Michael Kupinski from Noble Financial reiterated a Buy rating on TEGNA Inc (NYSE: TGNA), with a price target of $14.50. The company’s shares closed yesterday at $11.36.
According to TipRanks.com, Kupinski is a 1-star analyst with an average return of -3.1% and a 45.5% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, McClatchy Company, and Townsquare Media.
Currently, the analyst consensus on TEGNA Inc is a Moderate Buy with an average price target of $14.25, a 25.4% upside from current levels. In a report issued on August 7, Barrington also maintained a Buy rating on the stock with a $18 price target.
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TEGNA Inc’s market cap is currently $2.45B and has a P/E ratio of 5.00. The company has a Price to Book ratio of 2.19.
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TEGNA, Inc. engages in the provision of innovative media services. It offers television programming and digital content, which also has a robust digital presence across online, mobile, and social platforms. The company was founded by Frank E. Gannett in 1906 and is headquartered in McLean, VA.
