TGNA Hits 20-Day Low Amid Trump Criticism
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 24 Nov 25
Shares of TGNA.N fell nearly 5% on Monday, hitting a 20-day low as market sentiment soured following President Trump's sharp criticism of a proposal to lift the local TV ownership cap. This technical breakdown signals increased bearish momentum, reflecting investor concerns over the future of Tegna's acquisition by Nexstar. Trump's remarks, labeling the cap lift a 'disaster' for conservatives, have raised significant doubts about the viability of the $3.54 billion deal, which is crucial for Nexstar to expand its reach to 80% of TV households. The uncertainty surrounding this transaction could hinder Nexstar's competitive position in the media landscape, further impacting Tegna's stock performance.
Analyst Views on TGNA
Wall Street analysts forecast TGNA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TGNA is 22.00 USD with a low forecast of 22.00 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 18.850
Low
22.00
Averages
22.00
High
22.00
Current: 18.850
Low
22.00
Averages
22.00
High
22.00
About TGNA
Tegna Inc. serves local communities across the United States through journalism, content, and tools to help people navigate their daily lives. The Company is a producer of local news, producing more than 1,700 hours of news per week. Through its network affiliation and local sports rights agreements, it carries sports content, which includes professional and collegiate sports and the Olympics. It also owns multicast networks True Crime Network and Quest. Each television station has a digital presence across online, mobile, connected television, streaming and social platforms, reaching consumers on all devices and platforms they use to consume news content. It delivers results for advertisers across television, digital, connected TV (CTV) and streaming app platforms, including Premion, its streaming app and CTV advertising network. Premion and Gray Television, Inc. (Gray) are in a commercial arrangement under which Gray resells Premion services across all of Gray’s television markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
