On 8/26/24, Gannett Co Inc (NYSE: GCI) stock enjoyed a major increase of 17.2%, closing at $5.73. Moreover, exceptionally high trading volume at 351% of normal accompanied the advance. The stock has risen 21.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GCI is expected to continue to be a modest Value Builder.
Gannett 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. Gannett has a poor Appreciation Score of 16 but a very high Power Rating of 93, triggering the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment