Brokerage Firm Rating Update on Sinclair Broadcast Group (SBGI)

Sinclair Broadcast Group (SBGI) : 3 brokerage houses believe that Sinclair Broadcast Group (SBGI) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 4 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.25.

Sinclair Broadcast Group (SBGI) : The most positive equity analysts on Sinclair Broadcast Group (SBGI) expects the shares to touch $40, whereas, the least positive believes that the stock will trade at $37 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $38.67 with an expected fluctuation of $1.53 from the mean.


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

Sinclair Broadcast Group (NASDAQ:SBGI): stock was range-bound between the intraday low of $28.9 and the intraday high of $29.71 after having opened at $29.26 on Wednesdays session. The stock finally closed in the red at $29.26, a loss of -0.58%. The stock remained in the red for the whole trading day. The total traded volume was 587,509 shares. The stock failed to cross $29.71 in Wednesdays trading. The stocks closing price on Thursday was $29.2.

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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