Gray Television (GTN) Given Daily Coverage Optimism Rating of 0.28

Media coverage about Gray Television (NYSE:GTN) has trended positive on Sunday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gray Television earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.5478415888713 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Several research analysts have recently weighed in on the company. Zacks Investment Research cut Gray Television from a “hold” rating to a “strong sell” rating in a report on Friday, December 15th. Jefferies Group assumed coverage on Gray Television in a report on Thursday, December 14th. They set a “buy” rating and a $18.00 target price on the stock. ValuEngine cut Gray Television from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 30th. Benchmark reiterated a “buy” rating and issued a $21.00 price objective on shares of Gray Television in a report on Tuesday, November 7th. Finally, Guggenheim began coverage on Gray Television in a report on Wednesday, October 18th. They issued a “buy” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a sell rating and eight have given a buy rating to the company. Gray Television presently has an average rating of “Buy” and a consensus price target of $18.43.

Shares of Gray Television (GTN) opened at $16.75 on Friday. The stock has a market capitalization of $1,513.99, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 2.33 and a beta of 3.14. The company has a debt-to-equity ratio of 3.11, a current ratio of 3.28 and a quick ratio of 3.28. Gray Television has a 12-month low of $9.95 and a 12-month high of $17.50.

Gray Television (NYSE:GTN) last announced its earnings results on Monday, November 6th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $219.00 million during the quarter, compared to analysts’ expectations of $218.78 million. Gray Television had a net margin of 14.91% and a return on equity of 15.53%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 EPS. equities research analysts expect that Gray Television will post 1.57 EPS for the current year.

In other Gray Television news, EVP Kevin Paul Latek sold 97,634 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $16.96, for a total value of $1,655,872.64. Following the sale, the executive vice president now owns 219,706 shares of the company’s stock, valued at $3,726,213.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.00% of the stock is owned by insiders.

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About Gray Television

Gray Television, Inc is a television broadcast company. The Company owns and operates television stations and digital assets in various markets across the United States. As of February 21, 2017, the Company owned and/or operated television stations in 54 television markets broadcasting over 200 separate programming streams, including 37 affiliates of the CBS Network (CBS), 29 affiliates of the NBC Network (NBC), 20 affiliates of the ABC Network (ABC) and 15 affiliates of the FOX Network (FOX).

Insider Buying and Selling by Quarter for Gray Television (NYSE:GTN)

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