TEGNA Story

<div class='circular--portrait' style='background:#FF6600;color: #FFFAFA;font-size:3em;'>TGN</div>
TGNA -- USA Stock  

USD 11.75  0.11  0.93%

As many baby boomers are indifferent towards communication services space, it makes sense to go over TEGNA Inc against current market trends. As expected, TEGNA is starting to reaffirm its true potential as investors are becoming more and more confident in the future outlook. The returns on investing in TEGNA and the market returns of the last few months appear uncorrelated. Weak basic indicators of the company may also suggest signs of long term losses for TEGNA investors. TEGNA Inc is scheduled to announce its earnings tomorrow. The upcoming quarterly report is expected on the 10th of August 2020.
Published over a month ago
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Will TEGNA (NYSE:TGNA) price continue to rise in September?
TEGNA Inc's average rating is Buy from 7 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on TEGNA market sentiment investors' perception of the future value of TEGNA. Let us look at a few aspects of TEGNA technical analysis.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of TEGNA Inc. In general, we focus on analyzing TEGNA stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build TEGNA's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of TEGNA's intrinsic value. In addition to deriving basic predictive indicators for TEGNA, we also check how macroeconomic factors affect TEGNA price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.

How does TEGNA Stands against Peers?

Analyzing TEGNA competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to TEGNA across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out TEGNA Competition Details

How TEGNA utilizes its cash?

To perform a cash flow analysis of TEGNA, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash TEGNA is receiving and how much cash it distributes out in a given period. The TEGNA cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. TEGNA Net Cash Flow from Operations is projected to decrease significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 297.47 Million

TEGNA exotic insider transaction detected

Legal trades by TEGNA insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
TEGNA Inc insider trading alert for general transaction of employee stock option (right to buy) by William Behan, Senior VPLabor Relations, on 14th of June 2020. This event was filed by the entity with SEC on 2010-03-02. Initial filing of beneficial ownership - SEC Form 3. William Behan is currently serves as senior vice president - labor relations of TEGNA Inc [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Closer look at TEGNA Semi Variance

TEGNA Inc has current Semi Variance of 7.61. Semi-variance provides a good measure of downside volatility for equity or a portfolio. It is similar to variance, but it only looks at periods where the returns are less than the target or average level.

Semi-variance is the square of semi-deviation. Semi-variance is calculated by averaging the deviations of returns that have a result that is less than the mean.

Semi Variance 
 = 
SUM(RET DEV)2 
N(ZERO) 
 = 
7.61
SUM = Summation notation
RET DEV = Actual return deviation over selected period
N(ZERO) = Number of points with returns less than zero
Let's now compare TEGNA Semi Variance to its closest peers:
TGNA
VIVEF
SIRI
SGBAF
TV
TGNA7.609005645542551
VIVEF3.8
SIRI4.97
SGBAF8.86
TV15.33

Will TEGNA continue to rise?

TEGNA sortino ratio is up to 0.0. TEGNA Inc currently demonstrates below-verage downside deviation. It has Information Ratio of 0.0 and Jensen Alpha of 0.21. However, we do advice investors to further question TEGNA Inc expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.

Whereas many other companies under the broadcasting industry are still a bit expensive, TEGNA may offer a potential longer-term growth to investors. The inconsistency in the assessment between current TEGNA valuation and our trade advice on TEGNA is due to the recent market swings and your selection of investing horizon. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to TEGNA.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of TEGNA Inc. Please refer to our Terms of Use for any information regarding our disclosure principles.

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