Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for TEGNA Inc (NYSE: TGNA) weakened of late. TGNA’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
TEGNA Inc (NYSE: TGNA) stock closed at $15.62 on 11/10/23 after an increase of 1.9%. The stock has risen 3.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
TGNA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
TEGNA 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 contradictory signals. TEGNA has a good Appreciation Score of 80 but a slightly negative Power Rating of 39, and the High Neutral Value Trend Rating results.
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