Media General, Inc. (NYSE:MEG) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: January 10, 2017
Zacks Investment Research has upgraded Media General, Inc. (NYSE:MEG) to Hold in a statement released on 1/11/2017.
Boasting a price of $18.53, Media General, Inc. (NYSE:MEG) traded 0.43% higher on the day. With the last close up 3.40% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.04% over the date range. Media General, Inc. has recorded a 50-day average of $18.63 and a two hundred day average of $17.92. Volume of trade was down over the average, with 252,361 shares of MEG changing hands under the typical 844,152
Recent Performance Chart
Media General, Inc. has 52 week low of $14.81 and a 52 week high of $19.28 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 4 brokerages have issued a ratings update on the company. The average stock price target is $17.75 with 1 brokerage rating the stock a strong buy, 1 brokerage rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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, 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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