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Gannett Upgraded at Citigroup to “Buy” (GCI)
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.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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