Analyst Rating Update on Sinclair Broadcast Group (SBGI)

Sinclair Broadcast Group (NASDAQ:SBGI) : The consensus on Sinclair Broadcast Group (NASDAQ:SBGI) based on 6 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Sinclair Broadcast Group (NASDAQ:SBGI) stock is expected to deviate a maximum of $1.53 from the average target price of $38.67 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $40 and the most muted being $37.

For the current week, the company shares have a recommendation consensus of Buy.

Sinclair Broadcast Group (NASDAQ:SBGI): stock turned positive on Tuesday. Though the stock opened at $28.7, the bulls momentum made the stock top out at $29.37 level for the day. The stock recorded a low of $28.35 and closed the trading day at $28.96, in the green by 2.62%. The total traded volume for the day was 1,121,712. The stock had closed at $28.22 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Faber Barry, officer (Exec. VP & General Counsel) of Sinclair Broadcast Group Inc, had unloaded 14,417 shares at an average price of $32.86 in a transaction dated on March 11, 2016. The total value of the transaction was worth $473,743.

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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