Gray Television Inc. (NYSE:GTN)’s share price was down 1.5% during mid-day trading on Thursday . The stock traded as low as $10.97 and last traded at $10.98, with a volume of 198,520 shares changing hands. The stock had previously closed at $11.15.

Several equities analysts have issued reports on GTN shares. Zacks Investment Research cut shares of Gray Television from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Wells Fargo & Co. restated a “buy” rating on shares of Gray Television in a research report on Tuesday, May 24th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $18.75.

The company has a 50 day moving average of $11.06 and a 200 day moving average of $11.53. The company has a market cap of $793.53 million and a P/E ratio of 16.50.

Gray Television (NYSE:GTN) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. During the same quarter last year, the business earned $0.17 earnings per share. The firm had revenue of $196.60 million for the quarter, compared to the consensus estimate of $196.25 million. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. Equities research analysts predict that Gray Television Inc. will post $1.63 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Gray Television stock. Rhumbline Advisers boosted its stake in Gray Television Inc. (NYSE:GTN) by 8.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 63,365 shares of the company’s stock after buying an additional 4,700 shares during the period. Rhumbline Advisers owned 0.09% of Gray Television worth $1,033,000 as of its most recent SEC filing.

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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