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TGNA
Stock ticker: NYSE
AS OF
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Price
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Capitalization
3.11B

TGNA TEGNA Forecast, Technical & Fundamental Analysis

a media broadcasting and digital service

Industry Broadcasting
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for TGNA with price predictions
07:00 PM EST Nov 30, 2023

TGNA's Stochastic Oscillator is remaining in oversold zone for 2 days

Be on the lookout for a price bounce soon.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

TGNA moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for TGNA crossed bullishly above the 50-day moving average on November 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TGNA advanced for three days, in of 294 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 190 cases where TGNA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for TGNA moved out of overbought territory on November 16, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 27 similar instances where the indicator moved out of overbought territory. In of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on November 28, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TGNA as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for TGNA turned negative on November 28, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TGNA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

TGNA broke above its upper Bollinger Band on November 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.018) is normal, around the industry mean (2.875). P/E Ratio (5.388) is within average values for comparable stocks, (34.245). Projected Growth (PEG Ratio) (0.653) is also within normal values, averaging (3.048). Dividend Yield (0.026) settles around the average of (0.041) among similar stocks. P/S Ratio (1.072) is also within normal values, averaging (0.598).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock slightly better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TGNA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I.Advisor
published Highlights

Industry description

Broadcasting industry includes companies that operate facilities broadcasting radio and/or television programs. Sirius XM Holdings, Inc. (which provides satellite radio and online radio services); Fox Corporation (news and sports broadcasting on TV); and CBS Corporation (TV broadcasting) are some of the behemoths of this industry. The burgeoning digital space has been a disruption for the industry, propelling them to up the ante on their own digital presence.

Market Cap

The average market capitalization across the Broadcasting Industry is 1.56B. The market cap for tickers in the group ranges from 1.02K to 18.73B. CBS.A holds the highest valuation in this group at 18.73B. The lowest valued company is MNIZ at 1.02K.

High and low price notable news

The average weekly price growth across all stocks in the Broadcasting Industry was -1%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was -16%. MDIA experienced the highest price growth at 17%, while MNIZ experienced the biggest fall at -60%.

Volume

The average weekly volume growth across all stocks in the Broadcasting Industry was 177%. For the same stocks of the Industry, the average monthly volume growth was 41% and the average quarterly volume growth was -10%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 43
P/E Growth Rating: 57
Price Growth Rating: 62
SMR Rating: 71
Profit Risk Rating: 93
Seasonality Score: 35 (-100 ... +100)
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A.I. Advisor
published Earnings

TGNA is expected to report earnings to rise 35.90% to 52 cents per share on February 26

TEGNA TGNA Stock Earnings Reports
Q4'23
Est.
$0.53
Q3'23
Est.
$0.39
Q2'23
Beat
by $0.01
Q1'23
Est.
$0.47
Q4'22
Missed
by $0.09
The last earnings report on November 07 showed earnings per share of 38 cents, meeting the estimate of 38 cents. With 1.94M shares outstanding, the current market capitalization sits at 3.11B.
A.I.Advisor
published Dividends

TGNA is expected to pay dividends on January 02, 2024

TEGNA TGNA Stock Dividends
A dividend of $0.11 per share will be paid with a record date of January 02, 2024, and an ex-dividend date of December 07, 2023. The last dividend of $0.11 was paid on October 02. Read more...
A.I. Advisor
published General Information

General Information

a media broadcasting and digital service

Industry Broadcasting

Profile
Fundamentals
Details
Industry
Broadcasting
Address
8350 Broad Street
Phone
+1 703 873-6600
Employees
6300
Web
https://www.tegna.com
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TGNA and

Correlation & Price change

A.I.dvisor tells us that TGNA and SSP have been poorly correlated (+31% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that TGNA and SSP's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TGNA
1D Price
Change %
TGNA100%
+2.09%
SSP - TGNA
31%
Poorly correlated
+8.10%
GTN - TGNA
27%
Poorly correlated
+6.08%
FUBO - TGNA
22%
Poorly correlated
+4.08%
UONEK - TGNA
20%
Poorly correlated
+2.19%
IHRT - TGNA
20%
Poorly correlated
+14.50%
More

Groups containing TGNA

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TGNA
1D Price
Change %
TGNA100%
+2.09%
Broadcasting
(undefined stocks)
41%
Loosely correlated
+1.37%
mass media
(undefined stocks)
38%
Loosely correlated
+2.42%
entertainment
(undefined stocks)
30%
Poorly correlated
+2.22%
content
(undefined stocks)
27%
Poorly correlated
+3.54%
multimedia
(undefined stocks)
21%
Poorly correlated
+2.96%