McClatchy Co. (NYSE:MNI) shares hit a new 52-week high during trading on Monday . The company traded as high as $17.51 and last traded at $16.82, with a volume of 64,593 shares trading hands. The stock had previously closed at $16.88.

Separately, Zacks Investment Research raised McClatchy from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a report on Wednesday, June 29th.

The company’s 50-day moving average price is $13.44 and its 200 day moving average price is $11.58. The firm’s market capitalization is $135.73 million.

McClatchy (NYSE:MNI) last announced its quarterly earnings data on Wednesday, April 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. The company earned $237.80 million during the quarter, compared to analyst estimates of $241.79 million. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. On average, analysts forecast that McClatchy Co. will post ($0.70) EPS for the current fiscal year.

The McClatchy Company is a news and information publisher of various publications, such as the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and the (Fort Worth) Star-Telegram. The Company’s segments include Western Segment and Eastern Segment.

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