TEGNA Inc (NYSE: TGNA) stock enjoyed a major increase of 11.6% on 11/6/24. The shares closed at $17.93. Moreover, this advance was accompanied by exceptionally high trading volume at 207% of normal. The stock has been strong relative to the market over the last nine months and has risen 8.3% during the last week.
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 (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TEGNA has a good Appreciation Score of 79 but a neutral Power Rating of 41, triggering the High 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.
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