Zacks Investment Research downgraded New Media Investment Group Inc (NYSE:NEWM) to Strong Sell in a report released today.
- Updated: September 16, 2016
Zacks Investment Research has downgraded New Media Investment Group Inc(NYSE:NEWM) to Strong Sell in a report released on 8/18/2016.
On Monday August 15 2016, Barrington Research released a statement on New Media Investment Group Inc(NYSE:NEWM) lowered the target price from $22.00 to $19.00 that indicated a possible upside of 0.12%.
Boasting a price of $16.87, New Media Investment Group Inc (NYSE:NEWM) traded 2.92% lower on the day. With the last stock price close up 6.98% relative to the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. New Media Investment Group Inc has been tracking to a 50-day average of $16.52 and two hundred day moving average of $16.81. 383,311 shares of New Media Investment Group Inc traded hands, up from ann avg. volume of 292,861
Recent Performance Graph:
New Media Investment Group Inc has a P/E of 9 with a 52 week low of $14.25 and a 52 week high of $20.11 and has a market cap of $0.0.
In addition to Zacks Investment Research reporting it’s price target, a total of 5 brokerages have reported on the stock. The consensus target price is $23.00 with two analysts rating the stock a strong buy, two analysts rating the company a buy, one firm rating the stock a hold, 0 rating the company to underperform, and lastly 0 firmsrating the stock as sell.
More About New Media Investment Group Inc (NYSE:NEWM)
New Media Investment Group Inc. (New Media) is a holding company. The Company owns, operates and invests in local media assets. It has a focus on owning and acquiring local media assets in small to mid-size markets. The Company is a publisher of locally based print and online media. The Company’s operating segments include Eastern US Publishing, Central US Publishing and Western US Publishing. The Eastern US Publishing segment operates in approximately six publication group clusters: the New England Publishing Group, Cape Publishing Group, Providence Publishing Group, Mid-Atlantic Publishing Group, South Atlantic Publishing Group and Coastal Publishing Group. The Central US Publishing segment operates in the states of Illinois, Ohio, New York, Michigan, Delaware, Pennsylvania, West Virginia and Virginia. The Western US Publishing segment operates in the states of Missouri, Arkansas, Texas, California, Kansas, Iowa, Louisiana, Minnesota and Oklahoma, and among others.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.