Saga Communications Upgraded to Neutral at Zacks (SGA)
Saga Communications (NYSE:SGA) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Wednesday, AR Network reports. The firm currently has a $48.40 price target on the stock. Zacks‘ target price indicates a potential upside of 2.11% from the stock’s previous close.
Saga Communications (NYSE:SGA) traded down 0.34% on Wednesday, hitting $47.24. The stock had a trading volume of 2,968 shares. Saga Communications has a 1-year low of $27.6375 and a 1-year high of $51.99. The stock’s 50-day moving average is $47.00 and its 200-day moving average is $47.16. The company has a market cap of $268.5 million and a P/E ratio of 15.17.
Saga Communications (NYSE:SGA) last announced its earnings results on Tuesday, August 6th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. The company had revenue of $33.83 million for the quarter, compared to the consensus estimate of $33.25 million. On average, analysts predict that Saga Communications will post $2.81 earnings per share for the current fiscal year.
Separately, analysts at Thomson Reuters/Verus upgraded shares of Saga Communications from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 23rd.
Saga Communications, Inc is a broadcast company primarily engaged in acquiring, developing and operating radio and television stations.
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