Published On: Wed, Oct 19th, 2016

Upgrades And Downgrades For Media General, Inc. (NYSE:MEG)


Recently stock market analysts have updated their consensus ratings on shares of Media General, Inc. (NYSE:MEG).

Most recent broker ratings

05/09/2016 – Media General, Inc. had its “neutral” rating reiterated by analysts at Wedbush. They now have a USD 19 price target on the stock.

01/08/2016 – Media General, Inc. was downgraded to “hold” by analysts at Gabelli.

01/04/2016 – Media General, Inc. had its “outperform” rating reiterated by analysts at RBC Capital. They now have a USD 12 price target on the stock.

11/18/2015 – Stephens began new coverage on Media General, Inc. giving the company a “equal weight” rating. They now have a USD 16 price target on the stock.

11/16/2015 – Media General, Inc. was downgraded to “hold” by analysts at Evercore ISI.

11/06/2015 – Media General, Inc. had its “buy” rating reiterated by analysts at Benchmark. They now have a USD 19 price target on the stock.

05/12/2015 – Media General, Inc. was downgraded to “hold” by analysts at Zacks.

04/22/2015 – Nomura began new coverage on Media General, Inc. giving the company a “neutral” rating.

05/12/2014 – Wells Fargo began new coverage on Media General, Inc. giving the company a “outperform” rating.

Media General, Inc. has a 50 day moving average of 18.01 and a 200 day moving average of 17.59. The stock’s market capitalization is 2.28B, it has a 52-week low of 14.00 and a 52-week high of 18.65.

The share price of the company (NYSE:MEG) was down -0.17% during the last trading session, with a high of 17.81 and the volume of Media General, Inc. shares traded was 275447.

Media General, Inc., formerly Mercury New Holdco, Inc., is a connected-screen multimedia company. The Company provides news, information and entertainment. The Company’s operating segments include Broadcast and Digital. Its Broadcast segment includes over 70 television stations that are either owned, operated or serviced by the Company in approximately 48 United States markets, all of which are engaged principally in the sale of television advertising. The Company’s Digital segment includes the operating results of the Company’s digital businesses, as well as the business operations related to the television station companion Websites. Digital segment includes LIN Digital, LIN Mobile, LLC (LIN Mobile), HYFN, Inc. (HYFN), Dedicated Media, Inc. (Dedicated Media), BiteSize TV and Federated Media, as well as the business operations related to the television station companion Websites. LIN Digital provides display and video advertising on LIN Digital’s advertising network.