Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Media industry higher today making it today's featured media winner. The industry as a whole closed the day down 0.1%. By the end of trading, Gannett rose $0.30 (1.1%) to $27.40 on average volume. Throughout the day, 3,194,113 shares of Gannett exchanged hands as compared to its average daily volume of 2,205,600 shares. The stock ranged in a price between $27.03-$27.41 after having opened the day at $27.20 as compared to the previous trading day's close of $27.10. Other companies within the Media industry that increased today were:
), up 8.2%,
), up 5.8%,
), up 5.6% and
), up 3.5%.
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Gannett Co., Inc. operates as a media and marketing solutions company in the United States and internationally. It operates through three segments: Broadcasting, Publishing, and Digital. Gannett has a market cap of $6.2 billion and is part of the services sector. Shares are down 8.4% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Gannett a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Gannett Ratings Report.
On the negative front,
), down 6.6%,
), down 5.5%,
), down 4.7% and
), down 4.0% , were all laggards within the media industry with
) being today's media industry laggard.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider
) while those bearish on the media industry could consider
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