Extremely significant positive changes in TEGNA Inc (NYSE: TGNA) investment behavior have recently occurred: the stock rose on very heavy volume, and its shorter term price trend turned up.
Notable positive changes in TEGNA Inc (NYSE: TGNA) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 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 (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. TEGNA has a good Appreciation Score of 82 but a very low Power Rating of 12, triggering the Low Neutral Value Trend Rating.
Recent Price Action
On 6/28/24, TEGNA Inc (NYSE: TGNA) stock enjoyed a large increase of 2.2%, closing at $13.94. Moreover, exceptionally high trading volume at 231% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 5.2% during the last week.
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