Zacks Rating on Sinclair Broadcast Group (SBGI)

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) : 3 investment research analysts covering Sinclair Broadcast Group (SBGI) have an average price target of $38.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $40 and the lowest target is $37 for the short term. Analysts expect the variance to be within $1.53 of the average price.


Sinclair Broadcast Group, Inc. has lost 1.68% in the last five trading days and dropped 4.41% in the last 4 weeks. Sinclair Broadcast Group, Inc. has dropped 5.68% during the last 3-month period . Year-to-Date the stock performance stands at -11.07%. Sinclair Broadcast Group (NASDAQ:SBGI): On Tuesdays trading session , Opening price of the stock was $28.81 with an intraday high of $28.93. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.62. However, the stock managed to close at $28.62, a loss of 0.49% for the day. On the previous day, the stock had closed at $28.76. The total traded volume of the day was 501,927 shares.

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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