Somewhat Favorable News Coverage Somewhat Unlikely to Affect Gannett (GCI) Stock Price
Media headlines about Gannett (NYSE:GCI) have trended somewhat positive on Saturday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gannett earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.8601352103457 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Stock Busy in Financial Matters: Agilent Technologies, Inc. (NYSE:A), Gannett Co., Inc. (NYSE:GCI) – Investing News Update (investingbizz.com)
- Monthly Negative performer – Gannett Co., Inc. (GCI) moved -5.33% – The Stocks News (press release) (thestocksnews.com)
- Gannett Co., Inc. (GCI) stock price traded 0.08% higher to its SMA-20 – The Stocks News (press release) (thestocksnews.com)
- $848.50 Million in Sales Expected for Gannett Co Inc (GCI) This Quarter (americanbankingnews.com)
Gannett (NYSE GCI) opened at $11.43 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market cap of $1,249.58, a P/E ratio of 29.31 and a beta of 0.85. Gannett has a 52-week low of $7.36 and a 52-week high of $12.38.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Tuesday, December 12th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.60%. The ex-dividend date was Monday, December 11th. Gannett’s dividend payout ratio (DPR) is 164.11%.
Separately, Zacks Investment Research cut shares of Gannett from a “hold” rating to a “strong sell” rating in a research report on Monday, October 9th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy”.
In related news, insider John M. Zidich sold 17,954 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $10.71, for a total value of $192,287.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 20,579 shares of company stock worth $222,035. 0.74% of the stock is owned by company insiders.
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Gannett Co, Inc is a media company. The Company operates as a newspaper publisher in the United States. As of December 25, 2016, it owned ReachLocal, Inc (ReachLocal), a digital marketing solutions company; the USA TODAY NETWORK (made up of USA TODAY including digital sites and affiliates (USAT) and 109 local media organizations in 34 states in the United States and Guam), and Newsquest Media Group Ltd.
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