Extremely important positive changes in investment behavior have recently occurred for TEGNA Inc (NYSE: TGNA): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
TEGNA Inc (NYSE: TGNA). Meaningful positive changes in fundamentals have recently occurred: 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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. TEGNA has a good Appreciation Score of 80 but a poor Power Rating of 18, resulting in the Neutral Value Trend Rating.
Recent Price Action
TEGNA Inc (NYSE: TGNA) stock increased 1.5% on 5/31/24. The shares closed at $14.91. Moreover, above average trading volume at 142% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 3.4% during the last week.
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