3 Stocks Pushing The Media Industry Lower

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 20 points (-0.1%) at 15,298 as of Wednesday, June 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Media industry currently sits down 0.33 versus the S&P 500, which is down 0.17. A company within the industry that increased today was News Corporation ( NWSA), up 1.43.

TheStreet Ratings group would like to highlight 3 stocks pushing the industry lower today:

3. Gannett ( GCI) is one of the companies pushing the Media industry lower today. As of noon trading, Gannett is down $1.07 (-4.3%) to $23.89 on heavy volume Thus far, 3.0 million shares of Gannett exchanged hands as compared to its average daily volume of 3.4 million shares. The stock has ranged in price between $23.78-$25.18 after having opened the day at $25.07 as compared to the previous trading day's close of $24.96.

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. Gannett has a market cap of $5.7 billion and is part of the services sector. The company has a P/E ratio of 12.8, below the S&P 500 P/E ratio of 17.7. Shares are up 38.6% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Gannett a buy, 1 analyst rates it a sell, and 2 rate it a hold.

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. Get the full Gannett Ratings Report now.

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