Sinclair Broadcast Group (NASDAQ:SBGI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.5 by 6 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.
Sinclair Broadcast Group (NASDAQ:SBGI): 3 Analyst have given the stock of Sinclair Broadcast Group (NASDAQ:SBGI) a near short term price target of $38.67. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $1.53. The higher price target estimate is at $40 while the lower price estimates are fixed at $37.
Sinclair Broadcast Group (NASDAQ:SBGI) witnessed a decline in the market cap on Tuesday as its shares dropped 2.37% or 0.72 points. After the session commenced at $30.35, the stock reached the higher end at $30.35 while it hit a low of $29.51. With the volume soaring to 923,650 shares, the last trade was called at $29.72. The company has a 52-week high of $35.8949. The company has a market cap of $2,824 million and there are 95,031,038 shares in outstanding. The 52-week low of the share price is $24.04.
Sinclair Broadcast Group, Inc. has lost 3.69% in the last five trading days and dropped 1.25% in the last 4 weeks. Sinclair Broadcast Group, Inc. has dropped 4.13% during the last 3-month period . Year-to-Date the stock performance stands at -7.65%.
Sinclair Broadcast Group, Inc. is a television broadcasting company. The Company owns or provides certain programming, operating or sales services to various television stations in the United States. The Company owns and provides programming and operating services or provides sales services and other non-programming operating services pursuant to contracts to around 164 stations in 79 markets. These stations broadcast around 373 channels, including 211 channels affiliated with primary networks or program service providers comprising FOX (46), ABC (33), CBS (29), NBC (21), CW (44), MNT (33) and Univision (5). The other 162 channels broadcast programming from This TV, Me TV, GetTV, Grit, Weather Radar, Weather Nation, Live Well Network, Antenna TV, Bounce Network, Heartland and Retro TV, among others, and one channel broadcasts independent programming. The Company operates under broadcast segment. Its broadcast segment consists of all of its television stations.