Barrington Research downgraded New Media Investment Group Inc (NYSE:NEWM) from Outperform to Market Perform in a statement released earlier today.
- Updated: October 1, 2016
Boasting a price of $16.30, New Media Investment Group Inc (NYSE:NEWM) traded -0.83% lower on the day. With the last close down -7.71% from the 200-day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. New Media Investment Group Inc has recorded a 50-day average of $16.13 and a 200-day moving average of $16.80. 563,130 shares of NEWM traded hands, up from an average trading volume of 276,612
Barrington Research has downgraded New Media Investment Group Inc (NYSE:NEWM) from Outperform to Market Perform in a statement released on Thursday September 29, 2016.
Recent Performance Chart
With a market cap of $0, New Media Investment Group Inc has price-earnings ratio of 9.07 with a one year low of $14.25 and a one year high of $20.11 .
A total of 5 analysts have released a report on NEWM. 2 analysts rating the company a strong buy, two brokers rating the stock a buy, one equity analyst rating the company a hold, 0 analysts rating the company a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $23.00.
General Company Details For New Media Investment Group Inc (NYSE:NEWM)
New Media Investment Group Inc. (New Media) is a holding company. The Company owns, operates and invests in local media assets. It has a focus on owning and acquiring local media assets in small to mid-size markets. The Company is a publisher of locally based print and online media. The Company's operating segments include Eastern US Publishing, Central US Publishing and Western US Publishing. The Eastern US Publishing segment operates in approximately six publication group clusters: the New England Publishing Group, Cape Publishing Group, Providence Publishing Group, Mid-Atlantic Publishing Group, South Atlantic Publishing Group and Coastal Publishing Group. The Central US Publishing segment operates in the states of Illinois, Ohio, New York, Michigan, Delaware, Pennsylvania, West Virginia and Virginia. The Western US Publishing segment operates in the states of Missouri, Arkansas, Texas, California, Kansas, Iowa, Louisiana, Minnesota and Oklahoma, among others.
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