Meredith Corporation (NYSE:MDP) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 12, 2016
Zacks Investment Research has upgraded Meredith Corporation (NYSE:MDP) to Hold in a statement released on Wednesday October 12, 2016.
Having a price of $50.19, Meredith Corporation (NYSE:MDP) traded -0.58% lower on the day. With the last close down -2.76% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. MDP has recorded a 50-day average of $51.92 and a two hundred day average of $51.33. Trade Volume was down over the average, with 239,977 shares of MDP changing hands under the typical 296,868
Recent Performance Chart
Meredith Corporation has PE ratio of 66.55 with a one year low of $35.03 and a one year high of $57.53 and has a market capitalization of $0.
General Company Details For Meredith Corporation (NYSE:MDP)
Meredith Corporation is a diversified media company. The Company is focused primarily on the home and family marketplace. The Company operates through two segments: Local Media and National Media. As of June 30, 2016, the Company's Local Media segment includes 16 owned television stations, one managed television station and related digital and mobile media operations. Its National Media segment includes magazine publishing, custom content and customer relationship marketing, digital and mobile media, brand licensing, database-related activities, and other related operations. Its National Media segment focuses on the food, home, parenthood, and health markets and is a publisher of magazines serving women. As of June 30, 2016, the Company's owned television stations consist of seven CBS affiliates, five FOX affiliates, two MyNetworkTV affiliates, one NBC affiliate, one ABC affiliate and one independent station. The National Media segment also focuses on run-of-press display advertising.
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