Stock To Watch: Media General, Inc. (NYSE:MEG)


The leading market experts have placed a mean price target of $18.00 on Media General, Inc. (NYSE:MEG) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.34 a share for the upcoming quarter and $0.89 for the current fiscal. Technical View The technical analysis of Media General, Inc. Common Stoc plainly substantiates that the 50-day moving average of Media General, Inc. Common Stoc is $17.50, and stock is hovering 0.06 or +0.36% distant from $17.50. It is noted that the 200-day MA is $16.70, and Media General, Inc. Common Stoc stock is $0.86 or +5.15% off from this point. Media General, Inc. (NYSE:MEG) 52-week high is $18.18 and the 52-week low is $9.74. This explains if the stock moves $-0.62, it will post a 52-week high. In event of $+80.29% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Media General, Inc. Common Stoc, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Media General, Inc. (NYSE:MEG) ratio came in at N/A. The stock last ended the trading session at $17.56 and registered a market cap of $2.27B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Media General, Inc. (NYSE:MEG) PEG ratio is at 9.63.

1 Chart Pattern Every Investor Should Know

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