FBR & Co. reiterated their market perform rating on shares of Tegna Inc (NASDAQ:TGNA) in a research report released on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $25.00 price objective on the stock.

A number of other equities research analysts have also commented on TGNA. Zacks Investment Research lowered shares of Tegna from a hold rating to a sell rating in a report on Monday, October 5th. Barclays restated an equal weight rating and set a $27.00 price objective (down from $28.00) on shares of Tegna in a report on Saturday, November 14th. Stephens started coverage on shares of Tegna in a report on Wednesday, November 18th. They set an overweight rating on the stock. Argus raised their price objective on shares of Tegna from $30.00 to $33.00 and gave the stock a buy rating in a report on Monday, December 7th. Finally, Evercore ISI upgraded shares of Tegna from a hold rating to a buy rating and set a $27.00 price objective on the stock in a report on Thursday, January 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $28.00.

Shares of Tegna (NASDAQ:TGNA) traded up 0.96% on Wednesday, hitting $24.24. 2,742,475 shares of the stock were exchanged. Tegna has a one year low of $21.30 and a one year high of $38.48. The company has a 50-day moving average price of $24.52 and a 200-day moving average price of $25.62. The firm has a market capitalization of $5.37 billion and a PE ratio of 5.65.

Several hedge funds and institutional investors have recently made changes to their positions in TGNA. Great West Life Assurance Co. Can increased its position in shares of Tegna by 5.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 129,402 shares of the company’s stock worth $3,304,000 after buying an additional 7,098 shares during the period. California State Teachers Retirement System increased its position in shares of Tegna by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 433,787 shares of the company’s stock worth $11,070,000 after buying an additional 6,643 shares during the period. Nationwide Fund Advisors increased its position in shares of Tegna by 82.4% in the fourth quarter. Nationwide Fund Advisors now owns 172,704 shares of the company’s stock worth $4,407,000 after buying an additional 78,031 shares during the period. Enterprise Financial Services Corp increased its position in shares of Tegna by 3.3% in the fourth quarter. Enterprise Financial Services Corp now owns 17,299 shares of the company’s stock worth $441,000 after buying an additional 550 shares during the period. Finally, Neuberger Berman Group LLC increased its position in shares of Tegna by 808.5% in the fourth quarter. Neuberger Berman Group LLC now owns 498,620 shares of the company’s stock worth $12,725,000 after buying an additional 443,738 shares during the period.

TEGNA Inc., formerly Gannett Co., Inc. is a media and marketing solutions company. The Company is engaged in providing local content on a range of platforms in the United States. The Company operates through Broadcasting and Digital segments. It also provides digital marketing services and Internet-based human resource solutions. Its digital media products and services include search, social media and Website development, among others. The Company offers its services in a range of geographies, demographics and content areas. The Company provides consumers with the information and entertainment, and connects consumers to their communities through various platforms, such as television stations, desktop, smartphone and tablet products. Its Broadcasting segment includes an independent station group of network affiliates. The Company’s Digital business segment includes Cars.com, CareerBuilder and Shoplocal.

12 Month Chart for NASDAQ:TGNA

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