Sidoti Initiates Coverage on Nexstar Broadcasting Group (NXST)
Equities research analysts at Sidoti initiated coverage on shares of Nexstar Broadcasting Group (NASDAQ:NXST) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Nexstar Broadcasting Group (NASDAQ:NXST) traded up 2.94% on Tuesday, hitting $45.285. The stock had a trading volume of 60,683 shares. Nexstar Broadcasting Group has a 52 week low of $13.53 and a 52 week high of $56.42. The stock’s 50-day moving average is $50.83 and its 200-day moving average is $42.9. The company has a market cap of $1.377 billion and a P/E ratio of 8.01.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of 0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Wednesday, February 12th. This is a boost from Nexstar Broadcasting Group’s previous quarterly dividend of $0.12.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wedbush initiated coverage on shares of Nexstar Broadcasting Group in a research note to investors on Thursday, January 2nd. They set a “neutral” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Nexstar Broadcasting Group from $49.00 to $59.00 in a research note to investors on Thursday, December 26th. Finally, analysts at Benchmark Co. raised their price target on shares of Nexstar Broadcasting Group from $41.00 to $52.00 in a research note to investors on Tuesday, November 19th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $47.47.
Nexstar Broadcasting, Inc (NASDAQ:NXST) is a television broadcasting and digital media company focused on the acquisition, development and operation of television (TV) stations and interactive community Websites in the United States.
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