Brokerage Firm Rating Update on Nexstar Broadcasting Group (NXST)

Nexstar Broadcasting Group (NXST) has an average broker rating of 1.25, which is interpreted as a Strong Buy, as rated by 8 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.

Nexstar Broadcasting Group (NXST) : The consensus price target for Nexstar Broadcasting Group (NXST) is $66.4 for the short term with a standard deviation of $6.11. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $75, however, the pessimist price target for the company is $60.


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

Nexstar Broadcasting Group (NASDAQ:NXST): stock was range-bound between the intraday low of $54.15 and the intraday high of $54.89 after having opened at $54.63 on Wednesdays session. The stock finally closed in the red at $54.63, a loss of -0.53%. The stock remained in the red for the whole trading day. The total traded volume was 483,949 shares. The stock failed to cross $54.89 in Wednesdays trading. The stocks closing price on Thursday was $54.56.

Nexstar Broadcasting Group, Inc. is a television broadcasting and digital media company focused on the acquisition, development and operation of television stations and interactive community Websites in medium-sized markets in the United States. As of December 31, 2014, the Company owned, operated, programmed or provided sales and other services to 87 television stations and 26 digital multicast channels in 49 markets in the states of Illinois, Indiana, Maryland, Missouri, Montana, Tennessee, Texas, Pennsylvania, Louisiana, Arkansas, Alabama, New York, Florida, Wisconsin, Michigan, Utah, Vermont, California, Iowa, Colorado and Virginia. The stations the Company owns and operates or provides services to provide free over-the-air programming to its markets television viewing audiences. This programming includes programs produced by networks with which the stations are affiliated; programs that the stations produce, and first-run and rerun syndicated programs that the stations acquire.

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