Gannett Co. with ticker code (GCI) now have 2 analysts covering the stock. The analyst consensus points to a rating of ‘Underperform’. The range between the high target price and low target price is between 2.6 and 2 calculating the mean target price we have 2.3. With the stocks previous close at 2.72 this would indicate that there is a downside of -15.4%. The day 50 moving average is 2.4 while the 200 day moving average is 2.43. The company has a market capitalisation of $380m. You can visit the company’s website by visiting: https://www.gannett.com
The potential market cap would be $322m based on the market concensus.
Gannett Co. operates as a media and marketing solutions company in the United States. It operates through two segments, Gannett Media and Digital Marketing Solutions. The company’s principal products include 218 daily print media with total paid circulation of approximately 1.6 million and Sunday circulation of 4.1 million; 175 weekly print media; and 266 locally-focused websites. Its principal products also comprise 154 daily and weekly news media brands and approximately 90 magazines, and related digital platforms; sports network; and USA TODAY NETWORK, a community events platform. The company also offers digital marketing solutions, such as online presence solutions, online advertising products, conversion software, and cloud-based software solutions. In addition, it produces niche publications that address specific local market interests, such as recreation, sports, healthcare, and real estate. Further, the company offers local market news and information, as well as advertising and subscriptions, and commercial printing and distribution services; and prints commercial materials, including flyers, business cards, and invitations. The company was formerly known as New Media Investment Group Inc. and changed its name to Gannett Co. in November 2019. Gannett Co. was incorporated in 2013 and is headquartered in McLean, Virginia.
