Mass media giant Gannett Co., Inc. ( GCI ) on Monday caught a big upgrade from analysts at Lazard Capital.
The firm said it raised its rating on GCI from "Neutral" to "Buy" but didn't offer any additional commentary on the move. Gannett's shares have struggled mightily in 2011, falling more than 21% year-to-date, however.
Gannett shares rose 35 cents, or +2.9%, in premarket trading Monday.
The Bottom Line
Shares of Gannett ( GCI ) have a 2.69% dividend yield, based on Friday's closing stock price of $11.91.The stock has technical support in the $9-$10 price area. If the shares can firm up, we see overhead resistance around the $12-$14 price levels.
Gannett Co., Inc. ( GCI ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 2.9 out of 5 stars.
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