Do you still think TEGNA Inc (NYSE:TGNA) is worth a look?

Stocks of TEGNA Inc (NYSE:TGNA) traded higher last session on Wall Street, up 0.38% to $18.55.

TGNA stock price is now 3.87% away from the 50-day moving average and 21.15% away from the 200-day moving average. The market capitalization of the company currently stands at $2.99B.

With the price target enhanced from $21 to $23, Wells Fargo Upgraded its rating from Equal Weight to Overweight for TEGNA Inc (NYSE: TGNA). , while ‘Wells Fargo’ rates the stock as ‘Equal Weight’

In other news, Cox Thomas R., insider sold 77,873 shares of the company’s stock on Dec 06 ’24. The stock was sold for $1,458,172 at an average price of $18.73. Upon completion of the transaction, the insider now directly owns 41,904 shares in the company, valued at $0.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06 ’24, SVP and CFO Heskett Julie sold 20,000 shares of the business’s stock. A total of $373,080 was realized by selling the stock at an average price of $18.65. This leaves the insider owning 23,751 shares of the company worth $0.44 million. A total of 1.16% of the company’s stock is owned by insiders.

During the past 12 months, TEGNA Inc has had a low of $12.35 and a high of $19.62. As of last week, the company has a debt-to-equity ratio of 1.09, a current ratio of 2.60, and a quick ratio of 2.60. According to the stock market information, the enterprise value for the company is $5589827072, which is based on a 6.53 price-to-earnings ratio, a 0.21 price-to-earnings-growth ratio, and a beta of 0.53. The fifty day moving average price for TGNA is $17.8124 and a two-hundred day moving average price translates $15.2933 for the stock.

The latest earnings results from TEGNA Inc (NYSE: TGNA) was released for 2024-09-30. The net profit margin was 16.75% and return on equity was 16.99% for TGNA. The company reported revenue of $806.83 million for the quarter, compared to $713.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.12 percent.

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