Alert: Positive Investment/Fundamental Signals (6/21/24)-Gannett Co Inc (NYSE: GCI)

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Recent exceptional positive changes in investment behavior have benefitted Gannett Co Inc (NYSE: GCI): the stock rose on very heavy volume, and positive upside/downside volume developed.

Recent meaningful positive changes in fundamentals have benefitted Gannett Co Inc (NYSE: GCI): the consensus estimate for December, 2025 increased significantly, and the stock’s power rating rose above 70.

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.

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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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Gannett has a poor Appreciation Score of 25 but a very high Power Rating of 95, triggering the High Neutral Value Trend Rating.

Recent Price Action

Gannett Co Inc (NYSE: GCI) stock increased 1.8% on 6/21/24. The shares closed at $4.42. Moreover, trading volume in this advance was exceptionally high at 229% of normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.

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