Gray Television Inc. (NYSE:GTN)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $11.00, but opened at $11.03. Gray Television shares last traded at $11.33, with a volume of 220,162 shares.

Several brokerages recently weighed in on GTN. Zacks Investment Research upgraded Gray Television from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a report on Monday, May 2nd. Wells Fargo & Co. restated a “buy” rating on shares of Gray Television in a report on Tuesday, May 10th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Gray Television presently has a consensus rating of “Buy” and an average target price of $18.75.

The company’s 50-day moving average price is $10.87 and its 200-day moving average price is $11.61. The firm has a market capitalization of $819.41 million and a price-to-earnings ratio of 17.04.

Gray Television (NYSE:GTN) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. The business had revenue of $196.60 million for the quarter, compared to the consensus estimate of $196.25 million. During the same period in the prior year, the business earned $0.17 earnings per share. Gray Television’s revenue was up 37.1% compared to the same quarter last year. On average, equities research analysts forecast that Gray Television Inc. will post $1.66 earnings per share for the current fiscal year.

A number of large investors have bought and sold shares of the stock. Rhumbline Advisers boosted its stake in 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. Stephens Inc. AR purchased a new stake in shares of Gray Television during the fourth quarter valued at about $1,243,000. California Public Employees Retirement System boosted its stake in shares of Gray Television by 12.6% in the fourth quarter. California Public Employees Retirement System now owns 208,500 shares of the company’s stock valued at $3,399,000 after buying an additional 23,300 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Gray Television by 10.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,494,585 shares of the company’s stock valued at $24,362,000 after buying an additional 139,875 shares during the period.

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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