Lee Enterprises Inc. (NYSE:LEE) shares reached a new 52-week high on Friday . The stock traded as high as $2.71 and last traded at $2.61, with a volume of 585,345 shares trading hands. The stock had previously closed at $2.38.

Several research firms recently weighed in on LEE. Zacks Investment Research raised Lee Enterprises from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a research report on Tuesday, August 9th. TheStreet lowered Lee Enterprises from a “hold” rating to a “sell” rating in a research report on Monday, June 6th.

The firm’s 50-day moving average is $1.97 and its 200-day moving average is $1.84. The firm has a market cap of $142.22 million and a PE ratio of 3.11.

Lee Enterprises, Incorporated is a provider of local news and information, and a platform for advertising. The Company’s products include approximately 50 daily and approximately 38 Sunday newspapers with print and digital subscribers. The Company offers approximately 300 weekly newspapers, and classified and niche publications.

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