Citigroup reported on Wednesday that they have increased their rating on media company, Gannett Co., Inc.(GCI).
The firm has upgraded GCI from “Neutral” to “Buy,” and has given the company a $22 price target. This price target suggests a 11.8% increase to the stock’s current price of $19.39.
Analysts have upgraded the stock based on unappreciated near term catalysts.
Gannett shares were up 68 cents, or 3.64% during Wednesday morning trading. The stock has increased 27% in the past year.
The Bottom Line
Shares of Gannett Co., Inc.(GCI) have a 4.13% yield, based on Wednesday morning’s price of $19.39.
Gannett Co., Inc.(GCI) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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