Zacks Investment Research downgraded Media General Inc (NYSE:MEG) to Sell in a report released today.
- Updated: October 7, 2016
Yesterday Media General Inc (NYSE:MEG) traded -0.16% lower at $18.50. Media General Inc’s 50-day moving average is $17.96 and its 200-day moving average is $17.50. With the last stock price up 5.71% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 521,710 shares of MEG traded hands, down from an average trading volume of 757,574
Zacks Investment Research has downgraded Media General Inc (NYSE:MEG) to Sell in a report released on 10/7/2016.
On 9/28/2016, Zacks Investment Research released a statement for Media General Inc (NYSE:MEG) upped the target price from $0.00 to $20.00 that suggested an upside of 0.12%.
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Media General Inc has a with a one year low of $14.00 and a one year high of $18.61 MEG’s total market value is presently $0.
A total of 4 equity analysts have released a research note on the company. 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 firms rating the stock a sell with a consensus target price of $17.75.
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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