TEGNA (TGNA) Gets a Buy Rating from Barrington

By Jason Carr

In a report released today, James Goss from Barrington maintained a Buy rating on TEGNA (TGNAResearch Report), with a price target of $20.00. The company’s shares closed last Monday at $15.01.

According to TipRanks.com, Goss is a 4-star analyst with an average return of 6.8% and a 53.9% success rate. Goss covers the Services sector, focusing on stocks such as Clear Channel Outdoor, Nexstar Media Group, and Lions Gate Ent Cl A.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TEGNA with a $18.29 average price target, implying a 24.3% upside from current levels. In a report issued on November 8, Guggenheim also maintained a Buy rating on the stock with a $18.00 price target.

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The company has a one-year high of $16.58 and a one-year low of $10.24. Currently, TEGNA has an average volume of 1.88M.

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TEGNA, Inc. engages in the provision of media services. It offers TEGNA Marketing Solutions, a one-stop shop that helps businesses through a suite of services and solutions that reach consumers across television, email, social and over-the-top (OTT) platforms, including Premion, TEGNA’s OTT advertising service.