Gannett Stock Gaps Up On Today's Open (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) -- Shares of Gannett (NYSE: GCI) were gapping up Thursday morning with an open price 28.5% higher than Wednesday's closing price. The stock closed at $19.85 Wednesday and opened today's trading at $25.50.

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The average volume for Gannett has been 2.6 million shares per day over the past 30 days. Gannett has a market cap of $4.62 billion and is part of the services sector and media industry. Shares are up 10.2% year to date as of the close of trading on Wednesday.

Gannett Co., Inc. operates as a media and marketing solutions company in the United States and internationally. It operates through three segments: Publishing, Digital, and Broadcasting. The Publishing Segment operates 82 U.S. The company has a P/E ratio of 10.3, below the S&P 500 P/E ratio of 17.7.

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, notable return on equity, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Gannett Ratings Report.

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