Tegna stock hits 52-week high at $21.06

Tegna Inc (NYSE:TGNA) stock reached a new 52-week high, peaking at $21.06. The media company, with a market capitalization of $3.24 billion, trades at an attractive P/E ratio of 7.24 and offers investors a dividend yield of 2.48%. This milestone highlights the company’s robust performance over the past year, during which its stock has seen a significant increase of 47.19%. The media company, known for its television broadcasting and digital media operations, has been experiencing a period of growth and investor confidence, as reflected in its rising stock price. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value calculations, and notably, the company has maintained dividend payments for an impressive 55 consecutive years. The achievement of this 52-week high underscores the positive market sentiment surrounding Tegna Inc and its strategic initiatives. InvestingPro subscribers have access to 12 additional exclusive ProTips and a comprehensive Pro Research Report that provides deep insights into TGNA’s financial health and growth prospects.

In other recent news, TEGNA Inc. reported its second-quarter 2025 earnings, revealing an earnings per share (EPS) of $0.44, which exceeded analyst expectations of $0.36 by 22.22%. Despite this positive earnings surprise, the company’s stock experienced a decline, influenced by broader market concerns and a cautious investor outlook. In a significant development, Nexstar Media Group (NASDAQ:NXST) announced a $6.2 billion acquisition deal for TEGNA. This all-cash transaction values TEGNA at $22.00 per share, offering a 31% premium over TEGNA’s average 30-day stock price ending August 8, 2025. The acquisition has received unanimous approval from TEGNA’s board of directors and is set to create a broadcasting entity with 265 full-power television stations across 44 states and the District of Columbia. These recent developments highlight significant changes for TEGNA, capturing the attention of investors and market analysts alike.

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