Zacks Investment Research upgraded New Media Investment Group Inc (NYSE:NEWM) to Hold in a report released today.
- Updated: September 23, 2016
Just yesterday New Media Investment Group Inc (NYSE:NEWM) traded 2.59% higher at $16.23. New Media Investment Group Inc’s 50-day moving average is $16.30 and its 200-day moving average is $16.81. The last stock price is down -3.44% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 277,478 shares of NEWM traded hands, down from an average trading volume of 295,569
Zacks Investment Research has upgraded New Media Investment Group Inc (NYSE:NEWM) to Hold in a report released on 9/23/2016.
Recent Performance Chart
New Media Investment Group Inc has 52 week low of $14.25 and a 52 week high of $20.11 with a PE ratio of 9.50 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its target price, a total of 5 brokerages have issued a ratings update on New Media Investment Group Inc. The average stock price target is $23.00 with two analysts rating the stock a strong buy, 2 equity analysts rating the company a buy, 1 broker rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 equity analysts rating the company a sell.
Brief Synopsis 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, among others.
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