Stocks of TEGNA Inc (NYSE:TGNA) traded higher last session on Wall Street, up 1.10% to $12.86.
TGNA stock price is now -9.25% away from the 50-day moving average and -12.90% away from the 200-day moving average. The market capitalization of the company currently stands at $2.18B.
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On May 05, 2022, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock keeping its target price maintained at $24, while ‘Argus’ rates the stock as ‘Hold’
In other news, Trelstad Lynn B., EVP and COO, Media Operations sold 25,000 shares of the company’s stock on Jun 07 ’24. The stock was sold for $349,750 at an average price of $13.99. Upon completion of the transaction, the EVP and COO, Media Operations now directly owns 190,474 shares in the company, valued at $2.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16 ’24, President and CEO Lougee David T sold 32,813 shares of the business’s stock. A total of $493,508 was realized by selling the stock at an average price of $15.04. This leaves the insider owning 692,838 shares of the company worth $8.91 million. A total of 1.41% of the company’s stock is owned by insiders.
During the past 12 months, TEGNA Inc has had a low of $12.35 and a high of $17.37. As of last week, the company has a debt-to-equity ratio of 1.12, a current ratio of 2.53, and a quick ratio of 2.53. According to the stock market information, the enterprise value for the company is $4914162688, which is based on a 4.49 price-to-earnings ratio, a 0.45 price-to-earnings-growth ratio, and a beta of 0.50. The fifty day moving average price for TGNA is $14.1456 and a two-hundred day moving average price translates $14.7455 for the stock.
The latest earnings results from TEGNA Inc (NYSE: TGNA) was released for 2024-03-31. The net profit margin was 19.48% and return on equity was 18.89% for TGNA. The company reported revenue of $714.25 million for the quarter, compared to $740.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.52 percent.
