Zacks Investment Research upgraded Media General Inc (NYSE:MEG) to Hold in a report released today.
- Updated: November 25, 2016
Zacks Investment Research has upgraded Media General Inc (NYSE:MEG) to Hold in a statement released on 11/26/2016.
Boasting a price of $18.35, Media General Inc (NYSE:MEG) traded 0.22% higher on the day. The last closing price is up 3.82% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same period. MEG has recorded a 50-day average of $17.67 and a 200-day moving average of $17.67. 279,527 shares of Media General Inc traded, down from an avg. volume of 873,461
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Media General Inc has a one year low of $14.00 and a one year high of $18.70 Media General Inc’s market capitalization is currently $0.
Also covering Media General Inc's price target, a total of 4 analysts have released a report on Media General Inc. The consensus target price is $17.75 with 1 firm rating the stock a strong buy, 1 brokerage rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero brokerages rating the company a sell.
General Company Details For 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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