JMP Securities Reiterates Market Outperform Rating for Gannett (NYSE:GCI)

Gannett (NYSE:GCIGet Free Report)‘s stock had its “market outperform” rating reissued by stock analysts at JMP Securities in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $6.00 target price on the stock. JMP Securities’ price objective suggests a potential upside of 30.86% from the stock’s previous close.

Gannett Trading Up 0.5 %

GCI opened at $4.59 on Monday. The business has a fifty day moving average price of $5.12 and a 200 day moving average price of $5.10. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.79 and a quick ratio of 0.74. Gannett has a 12 month low of $1.95 and a 12 month high of $5.93. The stock has a market capitalization of $675.87 million, a price-to-earnings ratio of -5.66 and a beta of 2.55.

Institutional Trading of Gannett

Several hedge funds have recently added to or reduced their stakes in GCI. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Gannett during the 3rd quarter worth $45,000. nVerses Capital LLC purchased a new stake in Gannett during the 3rd quarter worth about $55,000. Dark Forest Capital Management LP acquired a new stake in shares of Gannett during the 2nd quarter worth about $57,000. PEAK6 Investments LLC acquired a new stake in shares of Gannett during the 3rd quarter worth about $57,000. Finally, Sei Investments Co. purchased a new stake in Gannett during the second quarter worth approximately $64,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

Gannett Company Profile

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Gannett Co, Inc operates as a media and marketing solutions company in the United States. It operates through three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The company's print offerings includes home delivery on a subscription basis; single copy; non-daily publications, such as shoppers and niche publications.

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