Gray Television, Inc. (NYSE:GTN) Receives Consensus Recommendation of “Hold” from Analysts

Gray Television, Inc. (NYSE:GTNGet Free Report) has received an average rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $12.80.

Several research firms recently commented on GTN. StockNews.com upgraded Gray Television to a “sell” rating in a research note on Thursday, December 14th. Wells Fargo & Company upped their target price on Gray Television from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Friday. Finally, TheStreet lowered Gray Television from a “c” rating to a “d+” rating in a report on Friday, November 10th.

View Our Latest Report on GTN

Institutional Investors Weigh In On Gray Television

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Darsana Capital Partners LP increased its stake in shares of Gray Television by 336.8% in the third quarter. Darsana Capital Partners LP now owns 4,000,441 shares of the company’s stock worth $27,683,000 after acquiring an additional 3,084,578 shares during the last quarter. Baupost Group LLC MA acquired a new position in shares of Gray Television in the first quarter worth $28,491,000. UBS Group AG increased its stake in shares of Gray Television by 46.1% in the first quarter. UBS Group AG now owns 3,063,320 shares of the company’s stock worth $26,712,000 after acquiring an additional 966,251 shares during the last quarter. Norges Bank acquired a new position in shares of Gray Television in the fourth quarter worth $9,115,000. Finally, Capital Management Corp VA increased its stake in shares of Gray Television by 27.2% in the fourth quarter. Capital Management Corp VA now owns 3,094,883 shares of the company’s stock worth $27,730,000 after acquiring an additional 661,760 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Gray Television Trading Up 6.3 %

NYSE:GTN opened at $8.54 on Tuesday. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.20 and a current ratio of 1.20. Gray Television has a one year low of $5.97 and a one year high of $13.73. The business’s 50-day simple moving average is $8.87 and its 200 day simple moving average is $8.00. The stock has a market cap of $814.75 million, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 0.20 and a beta of 1.70.

Gray Television Company Profile

(Get Free Report

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Antenna TV, Telemundo, and Cozi; and local news/weather channels in various markets.

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Analyst Recommendations for Gray Television (NYSE:GTN)

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