Tegna (TGNA) Momentum Rank : 3 (As of Apr. 26, 2024)

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What is Tegna Momentum Rank?

Tegna has the Momentum Rank of 3.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Tegna's Momentum Rank

For the Broadcasting subindustry, Tegna's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tegna's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Tegna's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tegna's Momentum Rank falls into.

Tegna Momentum Rank Related Terms

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Tegna (TGNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Tegna Inc (NYSE:TGNA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GTT:Germany GTT:Germany

Address

8350 Broad Street, Suite 2000, Tysons, VA, USA, 22102-5151

Website

https://www.tegna.com

Tegna Inc is a media company with a portfolio of broadcast stations and digital sites. The firm has around 64 television stations and 2 radio stations in approximately 51 U.S markets. The company owns multicast networks of True Crime Network, Twist and Quest. Each television station also has a robust digital presence across online, mobile, connected television and social platforms, reaching consumers on all devices and platforms they use to consume news content. It generates key revenue from advertising and marketing services, subscription, political advertising, and other services.

Executives

David T Lougee	officer: President, TEGNA Media	GANNETT CO., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Lynn B. Trelstad	officer: EVP and COO - Media Operations	C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Standard General L.p.	10 percent owner	767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Soohyung Kim	10 percent owner	C/O STANDARD GENERAL L.P., 767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Karen H. Grimes	director	TOLL BROTHERS, INC., 1140 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Neal Shapiro	director	GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Akinyale S. Harrison	officer: SVP, General Counsel and Sec.	C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Scott K Mccune	director	C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Gina L Bianchini	director	312 WALNUT STREET, SUITE 1800, CINCINNATI OH 45202
Stuart J. Epstein	director	C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Melinda Witmer	director	C/O TEGNA INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Mcclelland Clifton A. Iii	officer: VP, Cntlr. and Prin. Acc. Off.	C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Todd A. Mayman	officer: EVP, Chief Legal and Admin Off	C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
William A. Behan	officer: SVP, Labor Relations	C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Howard D Elias	director	C/O EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748