The stock of TEGNA Inc (NYSE:TGNA) last traded at $19.32, up 7.75% from the previous session.
TGNA stock price is now 24.60% away from the 50-day moving average and 31.59% away from the 200-day moving average. The market capitalization of the company currently stands at $3.20B.
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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 Oct 25 ’24. The stock was sold for $410,000 at an average price of $16.40. Upon completion of the transaction, the EVP and COO, Media Operations now directly owns 154,617 shares in the company, valued at $2.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 25 ’24, Officer Trelstad Lynn B. bought 25,000 shares of the business’s stock. A total of $410,000 was incurred on buying the stock at an average price of $16.40. A total of 1.40% 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 $18.00. As of last week, the company has a debt-to-equity ratio of 1.12, a current ratio of 2.58, and a quick ratio of 2.58. According to the stock market information, the enterprise value for the company is $5682667008, which is based on a 7.96 price-to-earnings ratio, a 0.80 price-to-earnings-growth ratio, and a beta of 0.51. The fifty day moving average price for TGNA is $15.3988 and a two-hundred day moving average price translates $14.66375 for the stock.
The latest earnings results from TEGNA Inc (NYSE: TGNA) was released for 2024-06-30. The net profit margin was 15.51% and return on equity was 15.57% for TGNA. The company reported revenue of $710.36 million for the quarter, compared to $731.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.89 percent.
