Recent exceptional positive changes in investment behavior have benefitted TEGNA Inc (NYSE: TGNA): its shorter term price trend turned up, and positive upside/downside volume developed.
TEGNA Inc (NYSE: TGNA) has benefited from notable positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2025 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
TGNA is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
TEGNA has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. TEGNA has a good Appreciation Score of 82 but a poor Power Rating of 16, with the Neutral Value Trend Rating the result.
Recent Price Action
TEGNA Inc (NYSE: TGNA) stock closed at $14.65 on 5/7/24 after a slight decline of -0.4%. Moreover, above average trading volume at 138% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months but has risen 6.6% during the last week.
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