Shares of Gray Television Inc. (NYSE:GTN) saw an uptick in trading volume on Friday . 1,152,865 shares changed hands during trading, an increase of 64% from the previous session’s volume of 702,452 shares.The stock last traded at $11.12 and had previously closed at $11.00.

A number of research firms have weighed in on GTN. Zacks Investment Research raised shares of Gray Television from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a report on Monday, May 2nd. Wells Fargo & Co. reissued a “buy” rating on shares of Gray Television in a report on Tuesday, May 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Gray Television has an average rating of “Buy” and an average target price of $19.25.

The stock has a 50-day moving average price of $11.30 and a 200 day moving average price of $12.20. The stock has a market cap of $799.27 million and a PE ratio of 19.11.

Gray Television (NYSE:GTN) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.08. The firm earned $173.70 million during the quarter, compared to analysts’ expectations of $178.05 million. During the same period in the previous year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. Analysts forecast that Gray Television Inc. will post $1.74 earnings per share for the current fiscal year.

Other large investors recently made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its stake in shares of Gray Television by 1.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 63,322 shares of the company’s stock worth $1,032,000 after buying an additional 985 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Gray Television by 8.0% in the fourth quarter. Rhumbline Advisers now owns 63,365 shares of the company’s stock worth $1,033,000 after buying an additional 4,700 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Gray Television during the fourth quarter worth $1,236,000. Stephens Inc. AR bought a new stake in shares of Gray Television during the fourth quarter worth $1,243,000. Finally, California State Teachers Retirement System increased its stake in shares of Gray Television by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 117,010 shares of the company’s stock worth $1,907,000 after buying an additional 2,115 shares in the last quarter.

Gray Television, Inc is a television broadcast company. The Company owns and operates television stations and digital assets in markets across the United States. The Company owns and/or operates television stations in approximately 50 television markets broadcasting over 180 separate programming streams, including approximately 40 affiliates of the CBS Network (CBS), over 30 affiliates of the NBC Network (NBC), approximately 20 affiliates of the ABC Network (ABC) and over 10 affiliates of the FOX Network (FOX).

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