Zacks Investment Research downgraded Media General Inc (NYSE:MEG) to Hold in a statement released earlier today.
- Updated: September 23, 2016
Zacks Investment Research has downgraded Media General Inc (NYSE:MEG) to Hold in a statement released on 09/23/2016.
Previously on 9/13/2016, Zacks Investment Research released a statement for Media General Inc (NYSE:MEG) increased the target price from $0.00 to $20.00 that indicated a possible upside of 0.12%.
Yesterday Media General Inc (NYSE:MEG) traded 0.50% higher at $18.01. The company’s 50-day moving average is $17.80 and its 200-day moving average is $17.40. With the last stock price up 3.50% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 893,586 shares of MEG traded hands, up from an average trading volume of 818,109
Recent Performance Chart
Media General Inc has a one year low of $13.28 and a one year high of $18.18 Media General Inc’s market capitalization is presently $0.
A total of 4 brokerages have issued a research note on the company. One analyst rating the stock a strong buy, 1 firm rating the company a buy, four brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokerages rating the company a sell with a one year target of $17.75.
More About 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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