Sinclair Broadcast Group (SBGI) Receives Analyst Rating

Sinclair Broadcast Group (SBGI) : The consensus on Sinclair Broadcast Group (SBGI) based on 4 analyst recommendation on the company stock is 1.25, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future.

Sinclair Broadcast Group (SBGI) : The highest short term price target forecast on Sinclair Broadcast Group (SBGI) is $40 and the lowest target price is $37. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $38.67 with a standard deviation of $1.53.


Sinclair Broadcast Group (NASDAQ:SBGI): After opening at $28.46, the stock dipped to an intraday low of $28.07 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.65 and the buying power remained strong till the end. The stock closed at $28.57 for the day, a gain of 0.78% for the day session. The total traded volume was 457,125. The stocks close on the previous trading day was $28.35.

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.

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