How These Services Stocks are Faring? -- Gannett, Time, Thomson Reuters, and New York Times

Aug 23, 2016, 07:30 ET from Chelmsford Park SA

NEW YORK, August 23, 2016 /PRNewswire/ --

This morning's featured equities on belong in the U.S. Services sector, which rose for the 78th consecutive month in July. According to the Institute for Supply Management (ISM), the non-manufacturing sector fell 55.5% last month from 56.5% in June - slightly short of analysts' forecast of 55.8%. Here are today's stocks in focus: Gannett Co. Inc. (NYSE: GCI), Time Inc. (NYSE: TIME), Thomson Reuters Corp. (NYSE: TRI), and The New York Times Co. (NYSE: NYT). Register now and get full and free access to our downloadable research reports on these stocks at:


On Monday, McLean, Virginia-based Gannett Co. Inc.'s stock recorded a trading volume of 517,130 shares and ended the session 0.99% higher at $12.20. Shares of the Company, which operates as a multi-platform news and information company, are trading 9.71% below their 50-day moving average. The stock has a Relative Strength Index (RSI) of 39.46.

On August 9th, 2016, Gannett announced that it has completed the previously announced acquisition of ReachLocal, Inc. ReachLocal, a leader in powering online marketing, helps local businesses grow and operate their business better with leading technology and expert service providing digital lead generation, advertising, marketing, web presence and other digital solutions. Gannett completed the acquisition at a price per share of $4.60, net to the holder in cash (less any applicable withholding taxes and without interest) through a tender offer followed by a merger. Access our complete research report on GCI for free at:

Time Inc. 

New York headquartered Time Inc.'s stock closed the day 0.14% lower at $14.39 and with a total volume of 1.09 million shares traded. Shares of the Company, which together with its subsidiaries, operates as a media company that publishes magazines in the US, the UK, and internationally, are trading 9.52% below their 50-day moving average. The stock has an RSI of 37.85.

On August 4th, 2016, Time reported that revenues decreased $4 million, or 1%, in Q2 2016 from the year-earlier quarter to $769 million, primarily reflecting declines in Print and other advertising revenues and in Circulation revenues, partially offset by growth in Digital advertising revenues primarily driven by acquisitions. The company reported operating income of $50 million for the quarter ended June 30th, 2016 as compared to operating income of $61 million for the year ago period. The complimentary research report on TIME can be downloaded at:

Thomson Reuters  

Shares in New York headquartered Thomson Reuters Corp. recorded a trading volume of 544,788 shares. The stock ended yesterday's trading session 0.17% lower at $41.54. The Company's shares have advanced 2.70% in the previous three months and 12.61% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.42% and 6.54%, respectively. Furthermore, shares of Thomson Reuters, which provides news and information for professional markets worldwide, have an RSI of 47.75.

On July 28th, 2016, Thomson Reuters reported that adjusted EBITDA decreased 2% to $757 million with a margin of 27.3% in Q2 versus 27.5% in the prior-year period. The company's underlying operating profit decreased 1% to $505 million with a margin of 18.2% in the reported quarter, unchanged compared to the prior-year period. Adjusted EPS increased 11% to $0.50, an increase of $0.05 per share. Revenues declined 1% to $2.77 billion in Q2 2016, from $2.80 billion in Q2 2015, due to the impact of currency and lower recoveries revenues. Register for free on and get access to the latest PDF format report on TRI at:

The New York Times  

New York headquartered The New York Times Co.'s stock finished Monday's session 0.84% higher at $13.16. A total volume of 862,049 shares was traded, which was above their three months average volume of 705,750 shares. The Company's shares have advanced 2.09% in the last one month and 11.89% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 5.83% and 3.76%, respectively. Additionally, shares of The New York Times, which together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide, have an RSI of 67.73.

On August 12th, 2016, The Wall Street Journal reported that New York Times has acquired marketing agency Fake Love, extending the creative services it is able to offer marketers. As per the article, Fake Love and its 10 full-time employees will be folded into the New York Times' T Brand Studio division, which specializes in creating branded content for clients including Emirates, Ford, GE, Mini and others. The companies did not disclose financial terms of the all-cash deal. Download your free research report on NYT at:


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