Gray Television Downgraded by Zacks to Neutral (GTN)
Gray Television (NYSE:GTN) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday. They currently have a $14.00 price objective on the stock. Zacks‘s target price would suggest a potential upside of 15.89% from the company’s current price.
Gray Television (NYSE:GTN) traded down 1.57% on Monday, hitting $11.89. The stock had a trading volume of 205,799 shares. Gray Television has a 1-year low of $6.01 and a 1-year high of $15.17. The stock has a 50-day moving average of $12.51 and a 200-day moving average of $11.39. The company has a market cap of $691.2 million and a P/E ratio of 46.11.
Gray Television (NYSE:GTN) last released its earnings data on Thursday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.09. The company had revenue of $107.20 million for the quarter, compared to the consensus estimate of $103.40 million. During the same quarter last year, the company posted $0.09 earnings per share. Gray Television’s revenue was up 27.2% compared to the same quarter last year. Analysts expect that Gray Television will post $0.91 EPS for the current fiscal year.
Gray Television, Inc (NYSE:GTN), is a television broadcast company.
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