A statement released earlier today by Zacks Investment Research about Media General Inc (NYSE:MEG) raises the target price to $20.00
- Updated: September 15, 2016
In a report announced on 9/13/2016 Zacks Investment Research bumped up the target price of Media General Inc (NYSE:MEG) from $0 to $20 stating a possible upside of 0.12%.
On Monday May 9 2016, Wedbush reported about Media General Inc(NYSE:MEG) upped the target price from $18.00 to $19.00. At the time, this suggested an upside of 0.08%.
Boasting a price of $17.86, Media General Inc (NYSE:MEG) traded 0.22% higher on the day. With the last stock close up 3.30% relative to the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. MEG has recorded a 50-day average of $17.72 and two hundred day moving average of $17.36. Trading volume was was down over the average, with 790,149 shares of MEG changing hands under the typical 840,400 shares.
With a market cap of $0.0, Media General Inc has a price-earnings of 0 with a one-year low of $10.97 and a one-year high of $18.18.
In addition to Zacks Investment Research reporting it’s price target, a total of 4 brokerages have issued a ratings update on the company. The average target price is $17.75 with one analyst rating the company a strong buy, one analyst rating the company a buy, four analyts rating the stock a hold, 0 rating the stock to underperform, and lastly 0 brokeragesrating the company as sell.
General Company Details For Media General Inc (NYSE:MEG)
Media General, Inc., formerly Mercury New Holdco, Inc., is a connected-screen multimedia company. The Company provides news, information and entertainment. The Company’s operating segments include Broadcast and Digital. Its Broadcast segment includes over 70 television stations that are either owned, operated or serviced by the Company in approximately 48 United States markets, all of which are engaged principally in the sale of television advertising. The Company’s Digital segment includes the operating results of the Company’s digital businesses, as well as the business operations related to the television station companion Websites. Digital segment includes LIN Digital, LIN Mobile, LLC (LIN Mobile), HYFN, Inc. (HYFN), Dedicated Media, Inc. (Dedicated Media), BiteSize TV and Federated Media, and as well as the business operations related to the television station companion Websites. LIN Digital provides display and video advertising on LIN Digital’s advertising network.
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