TEGNA's (TGNA) Buy (B-) Rating Reaffirmed at Weiss Ratings

Key Points

• TEGNA's stock holds a reaffirmed "buy (B-)" rating according to Weiss Ratings, while other analysts have given mixed ratings, including a downgrade by Wells Fargo to a "hold."
• The stock trades at around $20.03 with a market capitalization of $3.23 billion and has experienced a 5.0% year-over-year revenue decline.
• TEGNA reported earnings of $0.44 EPS for the latest quarter, exceeding analyst expectations, and has set a guidance of 3.02 EPS for the current year.

TEGNA (NYSE:TGNA - Get Free Report)'s stock had its "buy (b-)" rating restated by stock analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Several other equities research analysts have also issued reports on TGNA. Wells Fargo & Company lowered shares of TEGNA from a "strong-buy" rating to a "hold" rating in a report on Thursday. Guggenheim reiterated a "neutral" rating and set a $19.00 price objective on shares of TEGNA in a report on Friday, August 22nd. Finally, Zacks Research lowered shares of TEGNA from a "hold" rating to a "strong sell" rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TEGNA presently has a consensus rating of "Hold" and a consensus price target of $19.75.

TEGNA Price Performance

TEGNA stock opened at $20.03 on Friday. The firm has a 50-day moving average price of $20.63 and a 200-day moving average price of $18.14. The firm has a market capitalization of $3.23 billion, a PE ratio of 7.21 and a beta of 0.25. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.82. TEGNA has a 12-month low of $14.87 and a 12-month high of $21.35.

TEGNA (NYSE:TGNA - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.06. The firm had revenue of $675.05 million during the quarter, compared to analyst estimates of $673.92 million. TEGNA had a net margin of 14.99% and a return on equity of 16.20%. The business's revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the business earned $0.50 EPS. TEGNA has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that TEGNA will post 3.02 EPS for the current year.

Institutional Investors Weigh In On TEGNA

Several large investors have recently modified their holdings of TGNA. Financial Consulate Inc. bought a new stake in shares of TEGNA in the 3rd quarter valued at about $29,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of TEGNA in the 2nd quarter valued at about $38,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of TEGNA by 1,018.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,997 shares of the company's stock valued at $50,000 after purchasing an additional 2,729 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of TEGNA by 53.3% in the 1st quarter. GAMMA Investing LLC now owns 3,128 shares of the company's stock valued at $57,000 after purchasing an additional 1,088 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of TEGNA by 13,896.4% in the 2nd quarter. TD Private Client Wealth LLC now owns 3,919 shares of the company's stock valued at $66,000 after purchasing an additional 3,891 shares in the last quarter. Institutional investors own 92.19% of the company's stock.

About TEGNA

TEGNA Inc, a media company, provides broadcast advertising and marketing products and services for businesses. The company operates 47 television stations in 39 markets of the United States that produce local programming, such as news, sports, and entertainment. It offers local and national non-political advertising; political advertising; production of programming from third parties; production of advertising materials; and digital marketing services, as well as advertising services on the stations' Websites, tablets, and mobile products.

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