UBS Maintains a 'Neutral' on Gannett (GCI); Tweaking Estimates Lower
Get Alerts GCI Hot Sheet
Price: $2.42 -1.22%
Rating Summary:
6 Buy, 5 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
Rating Summary:
6 Buy, 5 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
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UBS maintains a 'Neutral' on Gannett (NYSE: GCI), PT increased by $1 to $16.
UBS analyst says, "GCI's stock continues to be volatile, as the asset mix has generated interest among some investors, though weakness in print continues to be a concern for others...Based on recent comments from Belo Corp. (NYSE: BLC)(not covered) related to a greater than anticipated impact from the 2010 Olympics comp on 1Q11 ad revenues, we are lowering our 1Q ad revenue growth estimate to -4% from 0%. We are lowering our 1Q segment revenue estimate to $166M from $171M, but raising FY11 to $730M from $707M, which assumes an ad decline of 8% and total revs down 5%."
"We lowered our 1Q EPS estimate by $0.01 to $0.37. For FY11, our EPS declines to a Street low $2.09 from $2.12."
For more ratings news on Gannett click here and for the rating history of Gannett click here.
Shares of Gannett closed at $15.59 yesterday.
UBS analyst says, "GCI's stock continues to be volatile, as the asset mix has generated interest among some investors, though weakness in print continues to be a concern for others...Based on recent comments from Belo Corp. (NYSE: BLC)(not covered) related to a greater than anticipated impact from the 2010 Olympics comp on 1Q11 ad revenues, we are lowering our 1Q ad revenue growth estimate to -4% from 0%. We are lowering our 1Q segment revenue estimate to $166M from $171M, but raising FY11 to $730M from $707M, which assumes an ad decline of 8% and total revs down 5%."
"We lowered our 1Q EPS estimate by $0.01 to $0.37. For FY11, our EPS declines to a Street low $2.09 from $2.12."
For more ratings news on Gannett click here and for the rating history of Gannett click here.
Shares of Gannett closed at $15.59 yesterday.
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