TEGNA: Strong Cash Flow And M&A Potential Enables More Upside [Seeking Alpha]
TEGNA Inc (TGNA)
Last tegna inc earnings: 2/11 08:01 am
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US:NYSE Investor Relations:
investors.tegna.com
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Source: Seeking Alpha
Seeking Profits 4.24K Follower s Follow Play 12min Summary TEGNA shares have surged 33% since September, driven by strong Q3 results and M&A optimism, nearing my $19-20 fair value target. Despite cord-cutting pressures, TEGNA's local news and sports rights provide resilience, with subscription revenue declines offset by higher per-customer revenue. Cost controls and strategic sports deals are maintaining margins and free cash flow, with $350 million returned to shareholders this year. M&A potential and a favorable regulatory environment justify raising the price target to $20-22, offering a 15% total return opportunity. Melissa Kopka After underperforming much of the past year, shares of TEGNA ( NYSE: TGNA ) have rallied substantially over the past two months, boosted by elevated political spending and a better than expected set of Q3 results. I last covered shares in This article was written by Seeking Profits 4.24K Follower s Follow Over fifteen year
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TGNA
News
- Dallas Mavericks Announce New Streaming Platform For MavsTV [Forbes]Forbes
- TEGNA Inc. (NYSE: TGNA) was upgraded by analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating. They now have a $23.00 price target on the stock.MarketBeat
- Three Reasons to Avoid TGNA and One Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- TEGNA Inc. (NYSE: TGNA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Ipswich Town's Cameron Burgess Dreams Of 2026 World Cup With Australia [Forbes]Forbes
TGNA
Earnings
- 11/7/24 - Beat
TGNA
Sec Filings
- 12/10/24 - Form 4
- 12/10/24 - Form 4
- 12/6/24 - Form 144
- TGNA's page on the SEC website