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Nexstar Broadcasting Group (NASDAQ:NXST) has earned an average rating of “Buy” from the nine ratings firms that are presently covering the stock, AmericanBankingNews.com reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $45.76.

Shares of Nexstar Broadcasting Group (NASDAQ:NXST) traded down 2.93% during mid-day trading on Thursday, hitting $44.36. 254,905 shares of the company’s stock traded hands. Nexstar Broadcasting Group has a 52-week low of $27.12 and a 52-week high of $56.42. The stock has a 50-day moving average of $43.15 and a 200-day moving average of $44.24. The company has a market cap of $1.358 billion and a price-to-earnings ratio of 283.85.

Nexstar Broadcasting Group (NASDAQ:NXST) last released its earnings data on Thursday, May 8th. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.26 by $0.35. The company had revenue of $72.20 million for the quarter, compared to the consensus estimate of $132.20 million. During the same quarter last year, the company posted $0.02 earnings per share. Nexstar Broadcasting Group’s revenue was up 19.3% compared to the same quarter last year. On average, analysts predict that Nexstar Broadcasting Group will post $2.60 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on NXST shares. Analysts at Evercore Partners downgraded shares of Nexstar Broadcasting Group from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 6th. They now have a $52.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Nexstar Broadcasting Group to $48.00 in a research note on Friday, May 9th. Finally, analysts at Wedbush upgraded shares of Nexstar Broadcasting Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. They now have a $47.00 price target on the stock, down previously from $58.00. They noted that the move was a valuation call.

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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