Sinclair Broadcast Group (SBGI) has an average broker rating of 1.25, which is interpreted as a Strong Buy, as rated by 4 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Sinclair Broadcast Group (SBGI) : Currently there are 3 street experts covering Sinclair Broadcast Group (SBGI) stock. The most bullish and bearish price target for the stock is $40 and $37 respectively for the short term. The average price target of all the analysts comes to $38.67. The estimated standard deviation from the target is $1.53.
For the current week, the company shares have a recommendation consensus of Buy. Sinclair Broadcast Group (NASDAQ:SBGI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.88 and $28.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.40, notching a gain of 2.51% for the day. The total traded volume was 589,782 . The stock had closed at $28.68 on the previous day.
In a related news, Faber Barry, officer (Exec. VP & General Counsel) of Sinclair Broadcast Group Inc, unloaded 14,417 shares at an average price of $32.86 on March 11, 2016. The total amount of the transaction was worth $473,743, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.