Sinclair Broadcast Group (SBGI) Receives Price Target

Sinclair Broadcast Group (SBGI) : 3 Wall Street analysts covering Sinclair Broadcast Group (SBGI) believe that the average level the stock could reach for the short term is $38.67. The maximum price target given is $40 and the minimum target for short term is around $37, hence the standard deviation is calculated at $1.53.

Sinclair Broadcast Group (SBGI) : 3 brokerage houses believe that Sinclair Broadcast Group (SBGI) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 4 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.25.


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 $28.63 and $28.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.99, notching a gain of 1.79% for the day. The total traded volume was 769,999 . The stock had closed at $28.48 on the previous day.

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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