Zacks Investment Research downgraded Meredith Corporation (NYSE:MDP) to Sell in a report released today.
- Updated: October 2, 2016
Just yesterday Meredith Corporation (NYSE:MDP) traded 1.21% higher at $51.36. Meredith Corporation’s 50-day moving average is $52.54 and its 200-day moving average is $51.02. The last stock price is up 1.90% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 310,055 shares of MDP traded hands, up from an average trading volume of 303,441
Zacks Investment Research has downgraded Meredith Corporation (NYSE:MDP) to Sell in a report released on 09/28/2016.
Previously on 07/29/2016, Benchmark released a statement about Meredith Corporation (NYSE:MDP) increased the target price from $57.00 to $62.00. At the time, this indicated a possible upside of 0.14%.
Recent Performance Chart
Meredith Corporation has 52 week low of $35.03 and a 52 week high of $57.53 with a PE ratio of 69.32 and has a market capitalization of $0.
Brief Synopsis On 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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