TEGNA Story

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TGNA -- USA Stock  

USD 20.97  0.54  2.64%

While some baby boomers are getting worried about communication services space, it is reasonable to go over TEGNA Inc against economic and market trends. As we have suggested previously, TEGNA is beginning its slip as investors shift to be more bearish due to the increased sector volatility. TEGNA Inc slowly supersedes the market. The returns on investing in TEGNA and the market returns of the last few months appear uncorrelated. Strong basic indicators of the company may suggest signs of short-term price drift for investors. TEGNA Inc is scheduled to announce its earnings today. The next earnings report is expected on the 6th of May 2021.
Published over a month ago
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Is TEGNA (NYSE:TGNA) outlook positive for April?
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. The company has Profit Margin (PM) of 11.97 %, which can signify that it executes well on its competitive strategies and has good control over its expenditures. This is very large. Similarly, it shows Operating Margin (OM) of 30.72 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.31.
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 Mean Deviation

TEGNA Inc has current Mean Deviation of 1.48. The mean deviation of the equity instrument is the first measure of the distances between each value of security historical prices and the mean. It gives us an idea of how spread out from the center the distribution of returns.

Mean Deviation is the average of the absolute values of the differences between price distribution numbers and their mean. Mean deviation of equity instrument with a lot of historical data is a biased estimator because the time horizon used in calculation will always be much smaller than the entire price history of the equity. The mean deviation is typically used as a measure of dispersion for small investment horizon, otherwise standard deviation is a better measure of dispersion.

Mean Deviation 
 = 
SUM(RET DEV) 
 = 
1.48
SUM = Summation notation
RET DEV = Sum of return deviations of TEGNA
N = Number of calculation points for selected time horizon
Let's now compare TEGNA Mean Deviation to its closest peers:
TGNA
VIVEF
SIRI
FOX
LSXMA
TGNA1.4818203994490355
VIVEF1.24
SIRI1.28
FOX2.11
LSXMA1.49

TEGNA has a small chance to finish above $18.41 in 2 months

Current variance is at 4.31. 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 Final Take On TEGNA

Whereas some other entities in the broadcasting industry are either recovering or due for a correction, TEGNA may not be as strong as the others in terms of longer-term growth potentials. To conclude, as of the 1st of March 2021, our concluding 30 days buy-hold-sell recommendation on the company is Strong Hold. We believe TEGNA is fairly valued with below average probability of distress for the next two years.

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 Achuva Shats 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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