Shares of Gray Television Inc. (NYSE:GTN) were up 0.7% during trading on Wednesday . The stock traded as high as $11.25 and last traded at $11.22, with a volume of 217,950 shares trading hands. The stock had previously closed at $11.14.

Several analysts have commented on GTN shares. Zacks Investment Research cut Gray Television from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. 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 hold rating and five have assigned a buy rating to the company’s stock. Gray Television has an average rating of “Buy” and a consensus target price of $18.75.

The stock has a 50 day moving average price of $11.04 and a 200 day moving average price of $11.56. The stock has a market capitalization of $809.35 million and a price-to-earnings ratio of 16.83.

Gray Television (NYSE:GTN) last announced its earnings results on Thursday, August 4th. The company reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm 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 EPS. The company’s quarterly revenue was up 37.1% compared to the same quarter last year. On average, equities analysts expect that Gray Television Inc. will post $1.63 earnings per share 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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