Gray Television Inc. (GTN) Shares Up 0.7%
Gray Television Inc. (NYSE:GTN) shot up 0.7% during trading on Wednesday . The company traded as high as $11.25 and last traded at $11.22, with a volume of 217,950 shares traded. The stock had previously closed at $11.14.
A number of research firms recently commented on GTN. Zacks Investment Research downgraded Gray Television from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Wells Fargo & Co. reiterated a “buy” rating on shares of Gray Television in a research report on Tuesday, May 24th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.75.
The company has a market cap of $807.19 million and a P/E ratio of 16.79. The firm has a 50 day moving average of $11.05 and a 200 day moving average of $11.56.
Gray Television (NYSE:GTN) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $196.60 million for the quarter, compared to analyst estimates of $196.25 million. Gray Television’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. Equities analysts predict that Gray Television Inc. will post $1.63 EPS for the current fiscal year.
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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