TEGNA Story

TGNA -- USA Stock

USD 20.88 0.53 2.48%

Macroaxis Story

As many millenniums are trying to avoid communication services space, it makes sense to go over TEGNA Inc a little further and try to understand its current market patterns. As we have suggested previously, TEGNA is beginning its slip as investors shift to be more bearish due to the increased sector volatility. The returns on investing in TEGNA and the market returns of the last few months appear uncorrelated. Strong basic indicators of the company may also suggest signals of long term gains for TEGNA investors. TEGNA Inc is scheduled to announce its earnings tomorrow. The upcoming quarterly report is expected on the 1st of March 2021.

Published over a month ago

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Our current technical analysis of TEGNA Inc (NYSE:TGNA)

The company's average rating is Buy from 5 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. About 92.0% of the company shares are owned by institutional investors. The book value of TEGNA was at this time reported as 8.21. TEGNA Inc has Price/Earnings To Growth (PEG) ratio of 0.68. The entity last dividend was issued on the 4th of March 2021. The firm had 2:1 split on the 1st of June 2017.

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.

Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of TEGNA's stock price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of TEGNA in the context of predictive analytics.

Please note, it is not enough to conduct a financial or market analysis of a single entity such as TEGNA. Your research has to be compared to or analyzed against TEGNA's peers to derive any actionable benefits. When done correctly, TEGNA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in TEGNA Inc.

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 805.14 Million

Exercise or conversion by Melinda Witmer of 3631 shares of TEGNA subject to Rule 16b-3

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 insider trading alert for exercise of restricted stock units by Melinda Witmer, the corporate stakeholder, on 9th of April 2021. This event was filed by Tegna Inc with SEC on 2021-04-09. Statement of changes in beneficial ownership - SEC Form 4 [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 1.96. 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)

1.96

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

FOX

LSXMA

LSXMK

	TGNA	1.956580511657567
	VIVEF	0.89
	FOX	4.53
	LSXMA	3.56
	LSXMK	4.36

TEGNA is projected to stay under $18.59 in March

Maximum drawdown is down to 12.79. It may suggest a possible volatility slip. TEGNA Inc has relatively low volatility with skewness of 0.99 and kurtosis of 3.63. However, we advise all investors to independently investigate TEGNA Inc to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure TEGNA's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact TEGNA's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Our Bottom Line On TEGNA Inc

Whereas some firms within the broadcasting industry are still a little expensive, even after the recent corrections, TEGNA may offer a potential longer-term growth to investors. While some in two-three weeks oriented investors may not share our view, we believe it may not be a good time to acquire new shares of TEGNA.

About Contributor

Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management. View Profile

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 Vlad Skutelnik 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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TEGNA Story

USD 20.88 0.53 2.48%

How does TEGNA Stands against Peers?

How TEGNA utilizes its cash?

Exercise or conversion by Melinda Witmer of 3631 shares of TEGNA subject to Rule 16b-3

Closer look at TEGNA Semi Variance

TEGNA is projected to stay under $18.59 in March

Our Bottom Line On TEGNA Inc

About Contributor

Would you like to provide feedback on the content of this article?

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