Analyst Rating Update on Gray Television (GTN)

Gray Television (NYSE:GTN) : 3 analysts are covering Gray Television (NYSE:GTN) and their average rating on the stock is 1.33, which is read as a Strong Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Gray Television (NYSE:GTN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels.

Gray Television (NYSE:GTN) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $20 and the lowest price target forecast is $18. The average forecast of all the analysts is $19 and the expected standard deviation is $1.41.

For this week, the average consensus of the company shares are rated as a Strong Buy.

Gray Television (NYSE:GTN): On Tuesdays trading session , Opening price of the stock was $10.76 with an intraday high of $10.94. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.54. However, the stock managed to close at $10.55, a loss of 0.85% for the day. On the previous day, the stock had closed at $10.64. The total traded volume of the day was 692,852 shares.

In an insider trading activity, The director, of Gray Television Inc, Norton Hugh had unloaded 7,500 shares at $17.12 per share in a transaction on July 14, 2015. The total value of transaction was $128,400. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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