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Conference/Events
Wells Fargo to hold a virtual conference » 09:54
06/09/20
06/09
09:54
06/09/20
09:54
SSP

E.W. Scripps

$11.36 /

+ (+0.00%)

, TGNA

Tegna

$12.43 /

-0.51 (-3.94%)

, NXST

Nexstar

$97.26 /

-3.56 (-3.53%)

, IHRT

iHeartMedia

$11.13 /

-0.42 (-3.64%)

, HMTV

Hemisphere Media

$10.75 /

+ (+0.00%)

, GTN

Gray Television

$16.64 /

-0.4 (-2.35%)

, ETM

Entercom

$2.25 /

-0.2 (-8.16%)

2020 Wells Fargo Virtual…

2020 Wells Fargo Virtual NAB Conference will be held on June 9. Webcast Link

ShowHide Related Items >><<
TGNA Tegna
$12.43 /

-0.51 (-3.94%)

SSP E.W. Scripps
$11.36 /

+ (+0.00%)

NXST Nexstar
$97.26 /

-3.56 (-3.53%)

IHRT iHeartMedia
$11.13 /

-0.42 (-3.64%)

HMTV Hemisphere Media
$10.75 /

+ (+0.00%)

GTN Gray Television
$16.64 /

-0.4 (-2.35%)

ETM Entercom
$2.25 /

-0.2 (-8.16%)

SSP E.W. Scripps
$11.36 /

+ (+0.00%)

03/03/20 Wells Fargo
Disney price target lowered to $155 from $180 at Wells Fargo
12/11/19 Guggenheim
Guggenheim says Nexstar, Gray best positioned for 'record' political cycle
09/23/19 Wells Fargo
E.W. Scripps initiated with an Outperform at Wells Fargo
08/12/19 Guggenheim
E.W. Scripps price target lowered to $14 from $22 at Guggenheim
TGNA Tegna
$12.43 /

-0.51 (-3.94%)

04/16/20 Wells Fargo
Tegna price target lowered to $11 from $18 at Wells Fargo
04/13/20 JPMorgan
Tegna price target lowered to $13 from $19 at JPMorgan
04/03/20 Barrington
Tegna price target lowered to $15 from $20 at Barrington
01/17/20 Argus
Tegna price target raised to $21 from $17 at Argus
NXST Nexstar
$97.26 /

-3.56 (-3.53%)

05/07/20 Wells Fargo
Nexstar price target raised to $88 from $81 at Wells Fargo
05/07/20 B. Riley FBR
Nexstar price target raised to $115 from $110 at B. Riley FBR
05/05/20 B. Riley FBR
Nexstar price target lowered to $110 from $139 at B. Riley FBR
04/14/20 Wells Fargo
Nexstar price target lowered to $81 from $149 at Wells Fargo
IHRT iHeartMedia
$11.13 /

-0.42 (-3.64%)

04/23/20 Guggenheim
iHeartMedia price target lowered to $10 from $21.50 at Guggenheim
04/15/20 Barrington
iHeartMedia price target lowered to $12 from $20 at Barrington
04/02/20 Wolfe Research
iHeartMedia downgraded to Peer Perform from Outperform at Wolfe Research
04/01/20
Fly Intel: Top five analyst downgrades
HMTV Hemisphere Media
$10.75 /

+ (+0.00%)

10/13/19 Wells Fargo
Hemisphere Media initiated with an Outperform at Wells Fargo
GTN Gray Television
$16.64 /

-0.4 (-2.35%)

03/30/20 Barrington
Gray Television price target lowered to $20 from $30 at Barrington
02/25/20 Benchmark
Gray Television pullback presents attractive entry point, says Benchmark
01/17/20 Guggenheim
Nexstar, Gray best positioned for 2020 election, says Guggenheim
ETM Entercom
$2.25 /

-0.2 (-8.16%)

04/23/20 Guggenheim
Entercom price target lowered to $3.50 from $7 at Guggenheim
04/07/20 B. Riley FBR
Entercom downgraded to Neutral from Buy at B. Riley FBR
04/02/20 Wolfe Research
Entercom downgraded to Peer Perform from Outperform at Wolfe Research
09/23/19 Wells Fargo
Entercom initiated with a Market Perform at Wells Fargo
TGNA Tegna
$12.43 /

-0.51 (-3.94%)

SSP E.W. Scripps
$11.36 /

+ (+0.00%)

NXST Nexstar
$97.26 /

-3.56 (-3.53%)

IHRT iHeartMedia
$11.13 /

-0.42 (-3.64%)

HMTV Hemisphere Media
$10.75 /

+ (+0.00%)

GTN Gray Television
$16.64 /

-0.4 (-2.35%)

ETM Entercom
$2.25 /

-0.2 (-8.16%)

TGNA Tegna
$12.43 /

-0.51 (-3.94%)

SSP E.W. Scripps
$11.36 /

+ (+0.00%)

IHRT iHeartMedia
$11.13 /

-0.42 (-3.64%)

HMTV Hemisphere Media
$10.75 /

+ (+0.00%)

GTN Gray Television
$16.64 /

-0.4 (-2.35%)

TGNA Tegna
$12.43 /

-0.51 (-3.94%)

IHRT iHeartMedia
$11.13 /

-0.42 (-3.64%)

GTN Gray Television
$16.64 /

-0.4 (-2.35%)

TGNA Tegna
$12.43 /

-0.51 (-3.94%)

IHRT iHeartMedia
$11.13 /

-0.42 (-3.64%)

Over a month ago
Hot Stocks
Tegna up 2.3% after reporting Q1 results  09:18
05/07/20
05/07
09:18
05/07/20
09:18
TGNA

Tegna

$10.71 /

+0.295 (+2.83%)

 
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TGNA Tegna
$10.71 /

+0.295 (+2.83%)

04/16/20 Wells Fargo
Tegna price target lowered to $11 from $18 at Wells Fargo
04/13/20 JPMorgan
Tegna price target lowered to $13 from $19 at JPMorgan
04/03/20 Barrington
Tegna price target lowered to $15 from $20 at Barrington
01/17/20 Argus
Tegna price target raised to $21 from $17 at Argus
Earnings
Tegna reports Q1 EPS 43c, consensus 38c » 08:11
05/07/20
05/07
08:11
05/07/20
08:11
TGNA

Tegna

$10.71 /

+0.295 (+2.83%)

Reports Q1 revenue…

Reports Q1 revenue $684.19M, consensus $679.32M. "TEGNA continues to execute on its five-pillar strategy to create value for shareholders, and our management team remains focused on managing through the current crisis-protecting our employees, supporting our customers and serving our communities. Since the onset of COVID-19, I am proud of our employees who have utilized safe and creative approaches to production during this pandemic. Our audience numbers are up significantly on all platforms whether linear TV or digital products. This audience growth reflects the critical role local broadcast plays in the communities we serve, further strengthening our value to clients in the months to come. We are proud of the performance of all of our colleagues across the country in providing a critical local link to news and information during this crisis," said Dave Lougee, president and CEO.

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TGNA Tegna
$10.71 /

+0.295 (+2.83%)

04/16/20 Wells Fargo
Tegna price target lowered to $11 from $18 at Wells Fargo
04/13/20 JPMorgan
Tegna price target lowered to $13 from $19 at JPMorgan
04/03/20 Barrington
Tegna price target lowered to $15 from $20 at Barrington
01/17/20 Argus
Tegna price target raised to $21 from $17 at Argus
Hot Stocks
Tegna urges shareholders to vote for all director nominees on gold proxy card » 06:42
04/28/20
04/28
06:42
04/28/20
06:42
TGNA

Tegna

$10.70 /

+0.1 (+0.94%)

TEGNA urged shareholders…

TEGNA urged shareholders to vote "FOR ALL" of TEGNA's 12 director nominees on the GOLD proxy card today, by internet or by phone. To ensure your shares are represented at the Annual Meeting, shareholders should vote immediately. TEGNA recently announced strong preliminary Q1 results that, building on the company's operational, financial and M&A successes in 2019, reflect continued excellent performance across TEGNA's business and the Board's ongoing commitment to maximizing shareholder value. Leading independent proxy advisory firms Glass Lewis & Co.and Egan-Jones Proxy Services recently recommended that shareholders vote FOR ALL 12 TEGNA director nominees and reject all four Standard General nominees. Importantly, all three proxy advisory firms - Glass Lewis, Egan-Jones and Institutional Shareholder Services recommend against the election of Soohyung Kim. ISS also recommends shareholders not vote for two other Standard General nominees.

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TGNA Tegna
$10.70 /

+0.1 (+0.94%)

04/16/20 Wells Fargo
Tegna price target lowered to $11 from $18 at Wells Fargo
04/13/20 JPMorgan
Tegna price target lowered to $13 from $19 at JPMorgan
04/03/20 Barrington
Tegna price target lowered to $15 from $20 at Barrington
01/17/20 Argus
Tegna price target raised to $21 from $17 at Argus
Hot Stocks
Standard General urges fellow Tegna shareholders to vote for WHITE proxy card » 07:38
04/27/20
04/27
07:38
04/27/20
07:38
TGNA

Tegna

$10.60 /

+0.05 (+0.47%)

Standard General, the…

Standard General, the largest equity holder of TEGNA, urged its fellow shareholders to vote for meaningful change, fresh perspectives, and diversity on TEGNA's Board of Directors by voting on Standard General's WHITE proxy card. The letter to shareholders began: "TEGNA's Annual General Meeting is this Thursday, April 30. This is your opportunity to restore the voice of shareholders. Standard General is not only the Company's largest shareholder, with a direct economic stake of almost 12% of TEGNA's shares, but we are also experienced investors in broadcasting companies with a strong track record of success. We firmly believe that TEGNA should be delivering enhanced value to shareholders commensurate with the quality of its unique assets."

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TGNA Tegna
$10.60 /

+0.05 (+0.47%)

04/16/20 Wells Fargo
Tegna price target lowered to $11 from $18 at Wells Fargo
04/13/20 JPMorgan
Tegna price target lowered to $13 from $19 at JPMorgan
04/03/20 Barrington
Tegna price target lowered to $15 from $20 at Barrington
01/17/20 Argus
Tegna price target raised to $21 from $17 at Argus
Hot Stocks
Tegna director nominees receive Glass Lewis recommendation » 08:34
04/22/20
04/22
08:34
04/22/20
08:34
TGNA

Tegna

$10.53 /

-0.21 (-1.96%)

Tegna welcomed the…

Tegna welcomed the recommendation by Glass Lewis for Tegna shareholders to vote on the gold proxy card for all 12 of Tegna's director nominees at Tegna's 2020 annual meeting of shareholders, and rejected all of Standard General's nominees. Glass Lewis said, "Glass Lewis is of the opinion that shareholders should support the election of all of the Company's directors at this time. Despite Standard General's bleak portrayal of Tegna's past performance and its alleged lack of strategic and operational prowess under the oversight and direction of the current board and management team, we believe the Company more convincingly demonstrates, and our own analyses generally confirm, that Tegna's performance since becoming a pure-play company has been strong relative to relevant peer benchmarks and shows signs of improvement despite a challenging and evolving environment. The results achieved to date under Tegna's plan and the acquisition interest the Company attracted earlier this year should be enough evidence for investors to conclude that current leadership has Tegna pointed in the right direction, in our view. Given what we found to be several unverifiable or flatly false allegations levied by the Dissident with respect to the Company's performance and strategic plan, as well as a lack of specific ideas to better optimize Tegna's performance going forward, together with Standard General's own track record of pushing for 'transformative' M&A in the industry...we believe the extensive board changes that Standard General seeks are unwarranted and that Tegna shareholders would be better served by voting for the entire board slate proposed by the Company..."

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TGNA Tegna
$10.53 /

-0.21 (-1.96%)

04/16/20 Wells Fargo
Tegna price target lowered to $11 from $18 at Wells Fargo
04/13/20 JPMorgan
Tegna price target lowered to $13 from $19 at JPMorgan
04/03/20 Barrington
Tegna price target lowered to $15 from $20 at Barrington
01/17/20 Argus
Tegna price target raised to $21 from $17 at Argus
Conference/Events
Benchmark media analyst to hold an analyst/industry conference call » 11:55
04/20/20
04/20
11:55
04/20/20
11:55
GTN

Gray Television

$10.74 /

-0.16 (-1.47%)

, MDP

Meredith

$13.08 /

-1.01 (-7.17%)

, NXST

Nexstar

$64.50 /

-1.7 (-2.57%)

, SBGI

Sinclair Broadcast

$15.92 /

+0.06 (+0.38%)

, SSP

E.W. Scripps

$6.82 /

-0.65 (-8.70%)

, TGNA

Tegna

$10.91 /

-0.275 (-2.46%)

Media & Entertainment…

Media & Entertainment Analyst Kurnos, along with Cox Media Group's Executive Chairman Pruett and CEO Guthrie, discuss core advertising trends and M&As on an Analyst/Industry conference call to be held on April 20 at 12:30 pm.

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GTN Gray Television
$10.74 /

-0.16 (-1.47%)

03/30/20 Barrington
Gray Television price target lowered to $20 from $30 at Barrington
03/03/20 Wells Fargo
Disney price target lowered to $155 from $180 at Wells Fargo
02/25/20 Benchmark
Gray Television pullback presents attractive entry point, says Benchmark
01/17/20 Guggenheim
Nexstar, Gray best positioned for 2020 election, says Guggenheim
MDP Meredith
$13.08 /

-1.01 (-7.17%)

03/06/20 Benchmark
Meredith dividend looks 'very safe,' says Benchmark
01/07/20 Citi
Citi makes changes to 'Value Creators' SMID Focus List
12/11/19 Guggenheim
Guggenheim says Nexstar, Gray best positioned for 'record' political cycle
11/19/19 Stephens
Meredith price target lowered to $40 from $65 at Stephens
NXST Nexstar
$64.50 /

-1.7 (-2.57%)

04/14/20 Wells Fargo
Nexstar price target lowered to $81 from $149 at Wells Fargo
03/24/20 Guggenheim
Nexstar price target lowered to $91 from $150 at Guggenheim
03/12/20 Benchmark
Nexstar the 'cleanest story' in broadcast space, says Benchmark
03/10/20 Wells Fargo
Nexstar the 'best opportunity in the selloff,' says Wells Fargo
SBGI Sinclair Broadcast
$15.92 /

+0.06 (+0.38%)

02/27/20 B. Riley FBR
Sinclair shares oversold as stations still have value, says B. Riley FBR
01/06/20 Benchmark
Benchmark names Alibaba, Nvidia, Comcast among best ideas for first half
12/13/19 JPMorgan
Sinclair Broadcast reinstated with a Neutral at JPMorgan
SSP E.W. Scripps
$6.82 /

-0.65 (-8.70%)

09/23/19 Wells Fargo
E.W. Scripps initiated with an Outperform at Wells Fargo
08/12/19 Guggenheim
E.W. Scripps price target lowered to $14 from $22 at Guggenheim
TGNA Tegna
$10.91 /

-0.275 (-2.46%)

04/16/20 Wells Fargo
Tegna price target lowered to $11 from $18 at Wells Fargo
04/13/20 JPMorgan
Tegna price target lowered to $13 from $19 at JPMorgan
04/03/20 Barrington
Tegna price target lowered to $15 from $20 at Barrington
01/17/20 Argus
Tegna price target raised to $21 from $17 at Argus
On The Fly
Fly Intel: Pre-market Movers » 09:05
04/20/20
04/20
09:05
04/20/20
09:05
EROS

Eros International

$3.07 /

+1.125 (+57.84%)

, EXEL

Exelixis

$19.45 /

+0.91 (+4.91%)

, DD

DuPont

$38.36 /

+2.16 (+5.97%)

, TGNA

Tegna

$11.18 /

+0.65 (+6.17%)

, HAL

Halliburton

$7.54 /

+0.875 (+13.13%)

, ALLY

Ally Financial

$15.40 /

+1.83 (+13.49%)

, TFC

Truist Financial

$33.30 /

+3.62 (+12.20%)

, XOM

Exxon Mobil

$43.26 /

+4.14 (+10.58%)

, CVX

Chevron

$87.20 /

+7.17 (+8.96%)

, HES

Hess Corp.

$37.36 /

+4.83 (+14.85%)

, OXY

Occidental Petroleum

$13.63 /

+1.43 (+11.72%)

, MTDR

Matador

$3.42 /

+0.365 (+11.95%)

, FF

FutureFuel

$9.50 /

+0.975 (+11.44%)

, CRC

California Resources

$1.62 /

+0.105 (+6.93%)

, CHK

Chesapeake

$14.36 /

-1.19 (-7.65%)

, NE

Noble Corp.

$0.22 /

+0.0073 (+3.48%)

, PUMP

ProPetro Holding

$3.50 /

+0.695 (+24.82%)

, MTW

Manitowoc

$8.34 /

+0.17 (+2.08%)

Check out this morning's…

Open Full Text

ShowHide Related Items >><<
EROS Eros International
$3.07 /

+1.125 (+57.84%)

06/11/19 Citi
Eros International price target lowered to $6.50 from $13 at Citi
EXEL Exelixis
$19.45 /

+0.91 (+4.91%)

04/20/20 Piper Sandler
Exelixis combo approval would increase kidney cancer use, says Piper Sandler
03/25/20 Piper Sandler
Piper Sandler backs Overweight on 'well capitalized' Exelixis
03/04/20 Barclays
Barclays starts small, mid cap Biotechnology sector with Positive view
03/04/20 Barclays
Exelixis initiated with an Overweight at Barclays
DD DuPont
$38.36 /

+2.16 (+5.97%)

04/20/20 JPMorgan
JPMorgan upgrades DuPont with 45% upside potential by year-end
04/20/20 JPMorgan
DuPont upgraded to Overweight from Neutral at JPMorgan
04/13/20 Stephens
DuPont price target lowered to $55 from $70 at Stephens
03/31/20 Deutsche Bank
Dismissed Chemours suit 'major victory' for DuPont, says Deutsche Bank
TGNA Tegna
$11.18 /

+0.65 (+6.17%)

04/16/20 Wells Fargo
Tegna price target lowered to $11 from $18 at Wells Fargo
04/13/20 JPMorgan
Tegna price target lowered to $13 from $19 at JPMorgan
04/03/20 Barrington
Tegna price target lowered to $15 from $20 at Barrington
01/17/20 Argus
Tegna price target raised to $21 from $17 at Argus
HAL Halliburton
$7.54 /

+0.875 (+13.13%)

04/13/20
Fly Intel: Top five analyst downgrades
04/13/20 Wells Fargo
Wells downgrades Halliburton, Schlumberger heading into earnings
04/13/20 Wells Fargo
Halliburton downgraded to Equal Weight from Overweight at Wells Fargo
04/13/20 Scotiabank
Halliburton downgraded to Sector Perform from Outperform at Scotiabank
ALLY Ally Financial
$15.40 /

+1.83 (+13.49%)

04/14/20 Nomura Instinet
Ally Financial price target lowered to $31 from $36 at Nomura Instinet
02/20/20
Fly Intel: Top five analyst downgrades
02/20/20
Fly Intel: Top five analyst upgrades
02/20/20 Nomura Instinet
Nomura upgrades Ally Financial to Buy, sees opportunity in selloff
TFC Truist Financial
$33.30 /

+3.62 (+12.20%)

04/14/20 Compass Point
Truist Financial initiated with a Buy at Compass Point
04/13/20 Compass Point
Truist Financial initiated with a Buy at Compass Point
04/06/20 Wells Fargo
Wells Fargo sees information 'void' until banks report earnings next week
04/01/20 Keefe Bruyette
Truist Financial upgraded to Outperform from Market Perform at Keefe Bruyette
XOM Exxon Mobil
$43.26 /

+4.14 (+10.58%)

04/15/20 OTR Global
U.S. tank barge shipping market view lowered to mixed at OTR Global
04/08/20 Mizuho
Exxon Mobil price target lowered to $50 from $60 at Mizuho
04/07/20 Wells Fargo
Exxon investors may want more details on production cuts, says Wells Fargo
04/02/20
Fly Intel: Top five analyst downgrades
CVX Chevron
$87.20 /

+7.17 (+8.96%)

04/08/20 Mizuho
Chevron price target lowered to $100 from $140 at Mizuho
03/23/20 BofA
BofA double upgrades Chevron to Buy amid six Oil and Gas rating changes
03/23/20 BofA
Chevron upgraded to Buy from Underperform at BofA
03/20/20 Wells Fargo
Chevron price target lowered to $103 from $129 at Wells Fargo
HES Hess Corp.
$37.36 /

+4.83 (+14.85%)

03/20/20 Stephens
Stephens upgrades Hess, downgrades 11 others in E&P following oil's melt down
03/20/20 Stephens
Hess Corp. upgraded to Overweight from Equal Weight at Stephens
03/20/20 Wells Fargo
Hess Corp. price target lowered to $59 from $83 at Wells Fargo
03/17/20 Raymond James
Hess Corp. price target lowered to $49 from $70 at Raymond James
OXY Occidental Petroleum
$13.63 /

+1.43 (+11.72%)

04/03/20 Mizuho
Occidental Petroleum downgraded to Neutral from Buy at Mizuho
04/01/20 KeyBanc
KeyBanc expects neutral stock reaction to Occidental's SVP of strategy departure
03/26/20 Atlantic Equities
Occidental Petroleum downgraded to Underweight from Neutral at Atlantic Equities
03/23/20 SunTrust
Occidental Petroleum price target lowered to $8 from $15 at SunTrust
MTDR Matador
$3.42 /

+0.365 (+11.95%)

04/16/20 Imperial Capital
Matador price target lowered to $6 from $25 at Imperial Capital
03/20/20 Stephens
Matador downgraded to Equal Weight from Overweight at Stephens
03/17/20 Raymond James
Matador downgraded at Raymond James on severe oil price weakness
FF FutureFuel
$9.50 /

+0.975 (+11.44%)

CRC California Resources
$1.62 /

+0.105 (+6.93%)

03/25/20 Imperial Capital
California Resources downgraded to In-Line from Outperform at Imperial Capital
03/17/20 Raymond James
California Resources downgraded to Market Perform from Outperform at Raymond James
03/17/20 Raymond James
California Resources downgraded to Market Perform from Outperform at Raymond James
03/09/20 BofA
California Resources downgraded to Underperform from Neutral at BofA
CHK Chesapeake
$14.36 /

-1.19 (-7.65%)

04/16/20 Ladenburg
Chesapeake downgraded to Sell from Neutral at Ladenburg
04/07/20 Scotiabank
Chesapeake downgraded to Underperform from Outperform at Scotiabank
03/09/20
Fly Intel: Top five analyst downgrades
03/09/20 Raymond James
Raymond James adjusts energy ratings for weak near-term picture
NE Noble Corp.
$0.22 /

+0.0073 (+3.48%)

03/17/20 Capital One
Noble Corp. downgraded to Underweight from Equalweight at Capital One
03/13/20 Wells Fargo
Drillers downgraded at Wells Fargo on recent sell off in commodity prices
03/13/20 Wells Fargo
Noble Corp. downgraded to Underweight from Equal Weight at Wells Fargo
03/11/20 Tudor Pickering
Noble Corp. downgraded to Sell from Buy at Tudor Pickering
PUMP ProPetro Holding
$3.50 /

+0.695 (+24.82%)

03/25/20 JPMorgan
Liberty Oilfield Services downgraded to Neutral with $5 target at JPMorgan
03/19/20 Wolfe Research
ProPetro Holding downgraded to Peer Perform from Outperform at Wolfe Research
03/19/20 Barclays
ProPetro Holding downgraded to Equal Weight from Overweight at Barclays
03/17/20 B. Riley FBR
B. Riley FBR says be 'highly selective' in Oilfield Services, downgrades three
MTW Manitowoc
$8.34 /

+0.17 (+2.08%)

04/20/20 Goldman Sachs
Manitowoc downgraded to Neutral from Buy at Goldman Sachs
02/14/20 Citi
Manitowoc upgraded to Neutral from Sell at Citi
11/08/19 Goldman Sachs
Manitowoc upgraded to Buy from Sell at Goldman Sachs
09/10/19
Update: Manitowoc downgraded to Negative following checks at OTR Global
Hot Stocks
Tegna seeing 'significant increase in audiences' across all platforms » 06:10
04/20/20
04/20
06:10
04/20/20
06:10
TGNA

Tegna

$11.18 /

+0.65 (+6.17%)

Dave Lougee, president…

Dave Lougee, president and CEO said, "Following a strong first quarter, in which TEGNA achieved all of our previous guidance, TEGNA is managing through today's unprecedented circumstances - and is well positioned to continue to deliver long-term value to TEGNA shareholders. We are focused on protecting our employees, supporting our customers and serving our communities. TEGNA is experiencing a significant increase in audiences on all of our platforms, highlighting the crucial role our stations play by delivering award-winning local journalism which builds trust and loyalty among viewers. Our Board and management team have led the company through previous recessions and are prepared to successfully navigate the current environment. We continue to execute our five-pillar strategy to create value for shareholders through the crisis and over the long-term. Over the past several years, we have deliberately focused on growing subscription revenues and political advertising, which are less sensitive to macroeconomic factors, and continue to be key drivers of revenue. We have also diversified our advertising business into digital with our Premion OTT platform and have expanded the number of industries that advertise with TEGNA. We continue to implement prudent capital structure management and focus on managing our costs. We have recently completed $2.1 billion in re-financings at attractive rates and extended our $1.5 billion credit facility through 2024, both of which support our strong balance sheet. At the end of March, our cash position was $35 million and unused capacity under our revolving credit facility was more than $700 million. We have also paid down nearer-term maturities and now have $100 million of maturities in 2020 and $350 million in 2021. The intermediate and longer-term drivers reflected in our first quarter results, including strong subscription and political revenue as well as the continuing benefit from recent additions to our strategically constructed portfolio, are poised to deliver significant value over time for TEGNA shareholders despite near-term uncertainty."

ShowHide Related Items >><<
TGNA Tegna
$11.18 /

+0.65 (+6.17%)

04/16/20 Wells Fargo
Tegna price target lowered to $11 from $18 at Wells Fargo
04/13/20 JPMorgan
Tegna price target lowered to $13 from $19 at JPMorgan
04/03/20 Barrington
Tegna price target lowered to $15 from $20 at Barrington
01/17/20 Argus
Tegna price target raised to $21 from $17 at Argus
Earnings
Tegna suspends FY20 guidance, 2021 preliminary outlook. » 06:06
04/20/20
04/20
06:06
04/20/20
06:06
TGNA

Tegna

$11.18 /

+0.65 (+6.17%)

The company said,…

The company said, "The full impact of the COVID-19 pandemic, particularly with regard to the broader advertising industry, remains uncertain. TEGNA believes it is prudent at this time to suspend its full year 2020 guidance and 2021 preliminary outlook. We continue to carefully monitor business impacts and to be diligent in implementing cost saving measures to reduce expenses and reducing non-critical capital expenditures. Non-political advertising revenues are being impacted by the wide variety of control measures in place, including states of emergencies, mandatory quarantines, required business closures, "shelter-in-place" orders and travel restrictions. Management and the Board have successfully managed through recessionary operating environments in the past, and we are confident that we are well equipped to successfully navigate the challenges that will come with the ongoing impacts of the COVID-19 pandemic on our operations, financial condition and liquidity."

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TGNA Tegna
$11.18 /

+0.65 (+6.17%)

04/16/20 Wells Fargo
Tegna price target lowered to $11 from $18 at Wells Fargo
04/13/20 JPMorgan
Tegna price target lowered to $13 from $19 at JPMorgan
04/03/20 Barrington
Tegna price target lowered to $15 from $20 at Barrington
01/17/20 Argus
Tegna price target raised to $21 from $17 at Argus

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