Gannett (NYSE:GCI) Upgraded at Citigroup

Citigroup upgraded shares of Gannett (NYSE:GCI - Free Report) from a sell rating to a neutral rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm currently has $5.10 target price on the stock.

Separately, JMP Securities raised shares of Gannett to a strong-buy rating in a research report on Friday, August 2nd.

Gannett Trading Up 18.7 %

Shares of NYSE GCI traded up $0.86 on Tuesday, reaching $5.47. 4,208,358 shares of the company traded hands, compared to its average volume of 1,185,619. The stock has a market capitalization of $807.09 million, a PE ratio of -6.31 and a beta of 2.48. Gannett has a fifty-two week low of $1.66 and a fifty-two week high of $5.91. The company has a current ratio of 0.79, a quick ratio of 0.75 and a debt-to-equity ratio of 3.83. The company has a 50 day moving average of $4.75 and a 200 day moving average of $3.73.

Gannett (NYSE:GCI - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.25. Gannett had a negative net margin of 3.71% and a negative return on equity of 17.12%. The company had revenue of $639.84 million during the quarter.

Institutional Trading of Gannett

Large investors have recently bought and sold shares of the company. Simplicity Wealth LLC purchased a new position in Gannett in the first quarter valued at about $25,000. Focus Financial Network Inc. ADV purchased a new position in shares of Gannett during the 4th quarter valued at approximately $25,000. Cambiar Investors LLC acquired a new stake in shares of Gannett during the second quarter worth approximately $49,000. Dark Forest Capital Management LP bought a new stake in shares of Gannett in the second quarter worth $57,000. Finally, Sei Investments Co. acquired a new stake in Gannett in the second quarter valued at $64,000. Institutional investors and hedge funds own 76.71% of the company's stock.

About Gannett

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.