Argus Research Downgrades Gannett Co Inc to Hold

Brokerage firm Argus Research Downgrades its rating on Gannett Co Inc(GCI). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Argus Research was issued on Feb 13, 2017 in a research report to their Investors and Clients.

Gannett Co Inc (GCI) shares turned negative on Wednesdays trading session with the shares closing down -0.07 points or -0.78% at a volume of 8,50,416. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.13. The peak price level was also seen at $9.13 while the days lowest was $8.84. Finally the shares closed at $8.96. The 52-week high of the shares is $17.72 while the 52-week low is $7.3. According to the latest information available, the market cap of the company is $1,045 M.

Gannett Co Inc(GCI) last announced its earnings results on Feb 9, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $866.994M. Analysts had an estimated revenue of $847.330M. Earnings per share were $0.5. Analysts had estimated an EPS of $0.42.

Several Insider Transactions has been reported to the SEC. On Nov 14, 2016, John Jeffry Louis (director) purchased 28,000 shares at $8.96 per share price.Also, On Nov 7, 2016, Alison K Engel (CFO) purchased 6,400 shares at $7.81 per share price.On Nov 25, 2015, Robert J. Dickey (President and CEO) sold 18,556 shares at $17.46 per share price, according to the Form-4 filing with the securities and exchange commission.

Gannett Co. Inc. formerly Gannett Spinco Inc. is a media and marketing solutions company. The Company is engaged in providing local content on a range of platforms in the United States. The Company operates through Broadcasting and Digital segments. It also provides digital marketing services and Internet-based human resource solutions. Its digital media products and services include search social media and Website development among others. The Company offers its services in a range of geographies demographics and content areas. The Company provides consumers with the information and entertainment and connects consumers to their communities through various platforms such as television stations desktop smartphone and tablet products. Its Broadcasting segment includes an independent station group of network affiliates. Its Digital business segment includes Cars.com CareerBuilder PointRoll and Shoplocal.

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