Gray Television (GTN) – Research Analysts’ Recent Ratings Changes

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A number of research firms have changed their ratings and price targets for Gray Television (NYSE: GTN):

  • 3/7/2019 – Gray Television was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Gray Television is a communications company headquartered in Atlanta, Georgia, and currently operates 15 CBS-affiliated television stations, seven NBC-affiliated television stations, seven ABC-affiliated television stations and four daily newspapers. “
  • 3/7/2019 – Gray Television was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 3/4/2019 – Gray Television had its price target raised by analysts at Barrington Research from $23.00 to $26.00. They now have an “outperform” rating on the stock.
  • 3/1/2019 – Gray Television had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $27.00 price target on the stock.
  • 3/1/2019 – Gray Television had its “buy” rating reaffirmed by analysts at Noble Financial. They now have a $23.00 price target on the stock.
  • 2/28/2019 – Gray Television was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 2/28/2019 – Gray Television had its “buy” rating reaffirmed by analysts at Barrington Research. They now have a $23.00 price target on the stock.
  • 2/5/2019 – Gray Television was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Gray Television is a communications company headquartered in Atlanta, Georgia, and currently operates 15 CBS-affiliated television stations, seven NBC-affiliated television stations, seven ABC-affiliated television stations and four daily newspapers. “

GTN traded down $0.98 on Friday, reaching $21.50. The company’s stock had a trading volume of 642,604 shares, compared to its average volume of 985,757. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 2.15. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 2.11 and a beta of 2.03. Gray Television, Inc. has a fifty-two week low of $10.70 and a fifty-two week high of $23.45.

Gray Television (NYSE:GTN) last announced its quarterly earnings results on Thursday, February 28th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.08. Gray Television had a return on equity of 20.07% and a net margin of 19.44%. On average, equities analysts anticipate that Gray Television, Inc. will post 1.05 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in GTN. State Board of Administration of Florida Retirement System boosted its holdings in Gray Television by 26.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 24,546 shares of the company’s stock valued at $430,000 after purchasing an additional 5,070 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Gray Television by 28.5% in the third quarter. JPMorgan Chase & Co. now owns 508,110 shares of the company’s stock valued at $8,891,000 after purchasing an additional 112,742 shares in the last quarter. AXA acquired a new stake in shares of Gray Television in the third quarter valued at approximately $3,451,000. PNC Financial Services Group Inc. boosted its holdings in shares of Gray Television by 168.0% in the third quarter. PNC Financial Services Group Inc. now owns 8,841 shares of the company’s stock valued at $155,000 after acquiring an additional 5,542 shares during the period. Finally, HAP Trading LLC acquired a new stake in shares of Gray Television in the third quarter valued at approximately $282,000. 76.32% of the stock is owned by hedge funds and other institutional investors.

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 23, 2018, the company owned and operated television stations in 57 television markets broadcasting approximately 200 program streams, including approximately 100 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.

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