Gannett Stock Hits New 52-Week High (GCI)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Gannett (NYSE: GCI) hit a new 52-week high Friday as it is currently trading at $21.18, above its previous 52-week high of $21.14 with 253,464 shares traded as of 10:05 a.m. ET. Average volume has been 2.8 million shares over the past 30 days.

Gannett has a market cap of $4.71 billion and is part of the services sector and media industry. Shares are up 17.1% year to date as of the close of trading on Thursday.

Gannett Co., Inc. operates as a media and marketing solutions company in the United States and internationally. Its Publishing segment publishes 82 U.S. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Gannett as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, good cash flow from operations and expanding profit margins. 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.

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