Gray Television, Inc. (NYSE:GTN) Receives Average Recommendation of “Hold” from Brokerages

Gray Television, Inc. (NYSE:GTNGet Free Report) has received a consensus rating of “Hold” from the five brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $12.80.

Several research firms have recently weighed in on GTN. Wells Fargo & Company lifted their target price on Gray Television from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Friday. StockNews.com upgraded Gray Television to a “sell” rating in a research report on Thursday, December 14th. Finally, TheStreet downgraded Gray Television from a “c” rating to a “d+” rating in a research report on Friday, November 10th.

Check Out Our Latest Stock Report on GTN

Hedge Funds Weigh In On Gray Television

Institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors grew its stake in Gray Television by 219.5% in the second quarter. Captrust Financial Advisors now owns 1,556 shares of the company’s stock valued at $26,000 after purchasing an additional 1,069 shares during the last quarter. CWM LLC grew its stake in Gray Television by 61.5% in the fourth quarter. CWM LLC now owns 3,017 shares of the company’s stock valued at $27,000 after purchasing an additional 1,149 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Gray Television in the third quarter valued at about $41,000. Quarry LP grew its stake in Gray Television by 460.6% in the first quarter. Quarry LP now owns 5,432 shares of the company’s stock valued at $47,000 after purchasing an additional 4,463 shares during the last quarter. Finally, Comerica Bank purchased a new position in Gray Television in the third quarter valued at about $68,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Gray Television Stock Up 6.3 %

NYSE:GTN opened at $8.54 on Tuesday. Gray Television has a twelve month low of $5.97 and a twelve month high of $13.73. The company has a market cap of $814.75 million, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 0.20 and a beta of 1.70. The stock has a fifty day simple moving average of $8.87 and a 200-day simple moving average of $8.00. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 3.08.

Gray Television Company Profile

(Get Free Report

Gray Television, Inc, a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Circle, Antenna TV, Telemundo, and Cozi; and local news/weather channels in various markets.

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Analyst Recommendations for Gray Television (NYSE:GTN)

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