Sinclair Broadcast Group Inc. Reaches New 12-Month High at $35.25 (SBGI)
Sinclair Broadcast Group (NASDAQ:SBGI) set a new 52-week high during trading hours on Wednesday, Analyst Ratings Net reports. The company traded as high as $35.25 and last traded at $34.52, with a volume of 496,360 shares. The stock had previously closed at $34.29.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Sinclair Broadcast Group in a research note to investors on Friday, October 11th. They set an “outperform” rating and a $33.04 price target on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Sinclair Broadcast Group from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 23rd. Finally, analysts at Benchmark Co. raised their price target on shares of Sinclair Broadcast Group from $22.00 to $42.00 in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Sinclair Broadcast Group currently has an average rating of “Hold” and an average target price of $32.32.
Sinclair Broadcast Group has a 52-week low of $10.01 and a 52-week high of $35.25. The stock’s 50-day moving average is $30.27 and its 200-day moving average is $27.72. The company has a market cap of $3.443 billion and a P/E ratio of 24.11.
Sinclair Broadcast Group (NASDAQ:SBGI) last released its earnings data on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.01. The company had revenue of $314.15 million for the quarter, compared to the consensus estimate of $311.93 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 25.1% on a year-over-year basis. On average, analysts predict that Sinclair Broadcast Group will post $1.12 earnings per share for the current fiscal year.
Sinclair Broadcast Group, Inc is diversified television broadcasting company. The Company owns or provides certain programming, operating or sales services to more television stations.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.