Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Tegna Inc before investing.

In this article, we go over a few key elements for understanding Tegna Inc’s stock price such as:

• Tegna Inc’s current stock price and volume
• Why Tegna Inc’s stock price changed recently
• Upgrades and downgrades for TGNA from analysts
• TGNA’s stock price momentum as measured by its relative strength

About Tegna Inc (TGNA)

Before we jump into Tegna Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Tegna Inc. is a media company, which is engaged in providing stories, investigations and marketing services. The Company owns and operates approximately 64 television stations and two radio stations in 51 United States markets and owns four network affiliates in approximately 25 markets among independent station groups, reaching approximately 39% of United States television households. The Company also owns multicast networks, which include True Crime Network, Twist and Quest. Through TEGNA Marketing Solutions (TMS), its integrated sales and back-end fulfillment operations, it delivers results for advertisers across television, digital and over-the-top (OTT) platforms, including Premion, its OTT advertising network. Its Premion business operates an advertising network for OTT streaming and connected television platforms. The Company also operates VAULT Studios, which develops original television programs developed from its stations’ library of true crime and investigative content.

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Tegna Inc’s Stock Price as of Market Close

As of September 09, 2024, 4:00 PM, CST, Tegna Inc’s stock price was $14.05.

Tegna Inc is up 4.15% from its previous closing price of $13.49.

During the last market session, Tegna Inc’s stock traded between $13.45 and $13.75. Currently, there are 169.51 million shares of Tegna Inc stock available for purchase.

Tegna Inc’s price-earnings (P/E) ratio is currently at 5.6, which is low compared to the Broadcasting industry median of 12.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Tegna Inc Stock Price History

Tegna Inc’s (TGNA) price is currently up 1.22% so far this month.

During the month of September, Tegna Inc’s stock price has reached a high of $14.28 and a low of $13.45.

Over the last year, Tegna Inc has hit prices as high as $16.56 and as low as $12.35. Year to date, Tegna Inc’s stock is down 33.7%.

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What Caused Tegna Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 06, 2024, there were 2 analysts who downgraded Tegna Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Tegna Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Tegna Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Tegna Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Tegna Inc (TGNA) by visiting AAII Stock Evaluator.

Relative Price Strength of Tegna Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 06, 2024, Tegna Inc has a weighted four-quarter relative price strength of -7.16%, which translates to a Momentum Score of 38 and is considered to be Weak.

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Tegna Inc Stock Price: Bottom Line

As of September 9, 2024, Tegna Inc’s stock price is $14.05, which is up 4.15% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Tegna Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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