#6 - Gannett Media (NYSE:GCI)
Gannett Media (NYSE:GCI) is the owner of USA Today. Like many stocks, shares of GCI dropped dramatically at the onset of the Covid-19 pandemic. But unlike other stocks, the stock hasn’t come back. The issue is advertising, or rather the lack of it. When the company should have been able to flourish from an increase in internet traffic, the company was losing revenue from advertisers.
Despite taking many steps to shore up its balance sheet, the company still finds itself staring at a huge net loss. And even with the stock trading at just $1.50, that appears to be high for analysts. At this time, only one analyst still offers an opinion on GCI stock, and they have the stock as a Sell.
Still, the stock has managed an 85% gain since the onset of the pandemic. Nevertheless, if you’re one of the investors who hopped on board that train, now may be the time to jump off before you find yourself carrying a ticket to nowhere.
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.
Read More - Current Price
- $5.09
- Consensus Rating
- Buy
- Ratings Breakdown
- 1 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $5.55 (9.0% Upside)
