Gannett (GCI) Shares Fall on Lazard Downgrade; Still Up Double-Digits Since November '11
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Price: $21.56 +3.50%
Rating Summary:
3 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
3 Buy, 3 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade GCI Now!
Gannett Co (NYSE: GCI) shares fell 2.77% after this morning's downgrade by Lazard Capital. The stock closed at $14.72, which is still at the high-end of its 52-wk range (8.28 - 17.36).
The firm cut its rating on shares of GCI from Buy to Neutral. Currently, at StreetInsider's Ratings Insider, there is one 'Buy' rating and four 'Neutral' ratings by major Wall Street firms.
In the past few years, Gannett, as well as several other Newspaper/Publishers have been on the downswing. Many of these companies were late getting adequately set-up online or reluctant to rid themselves of magazine/paper units that were losing money.
However, information is power, and these publishing companies still have many eyeballs and many resources and with the help of smart phones and tablets, many have apps set up, fresher looking/interactive websites and most of the stocks have rebounded, especially in the past 3-6 months.
Other stocks of Note: Journal Communications, Inc. (NYSE: JRN), A.H. Belo (NYSE: AHC), New York Times (NYSE: NYT), McClatchy (NYSE: MNI), Lee Enterprises (NYSE: LEE), E.W. Scripps (NYSE: SSP), Reed Elsevier (NYSE: RUK), and Meredith (NYSE: MDP)
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The firm cut its rating on shares of GCI from Buy to Neutral. Currently, at StreetInsider's Ratings Insider, there is one 'Buy' rating and four 'Neutral' ratings by major Wall Street firms.
In the past few years, Gannett, as well as several other Newspaper/Publishers have been on the downswing. Many of these companies were late getting adequately set-up online or reluctant to rid themselves of magazine/paper units that were losing money.
However, information is power, and these publishing companies still have many eyeballs and many resources and with the help of smart phones and tablets, many have apps set up, fresher looking/interactive websites and most of the stocks have rebounded, especially in the past 3-6 months.
Other stocks of Note: Journal Communications, Inc. (NYSE: JRN), A.H. Belo (NYSE: AHC), New York Times (NYSE: NYT), McClatchy (NYSE: MNI), Lee Enterprises (NYSE: LEE), E.W. Scripps (NYSE: SSP), Reed Elsevier (NYSE: RUK), and Meredith (NYSE: MDP)
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