Brokerage Firm Rating on Gray Television (GTN)

Gray Television (GTN) : Zacks Investment Research ranks Gray Television (GTN) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 2 research analysts is 1, which indicates as a Strong Buy.


For this week, the average consensus of the company shares are rated as a Strong Buy. Gray Television (NYSE:GTN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.08 and $11.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.39, notching a gain of 3.26% for the day. The total traded volume was 510,821 . The stock had closed at $11.03 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Norton Hugh, director of Gray Television Inc, had unloaded 7,500 shares at an average price of $17.12 in a transaction dated on July 14, 2015. The total value of the transaction was worth $128,400.

Gray Television Inc. (Gray) is a broadcast company, which owns and/or operates television stations and digital assets in markets throughout the United States. Gray owns and operates television stations in 44 television markets broadcasting 139 program streams including 76 affiliates of the Big Four networks (ABC, CBS, NBC and FOX). Grays owned and/or operated stations include 26 channels affiliated with the CBS Network, 24 channels affiliated with the NBC Network, 16 channels affiliated with the ABC Network and 10 channels affiliated with the FOX Network. Gray reaches approximately 8.1% of total United States television households.

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