In a report released today, Daniel Kurnos from Benchmark Co. initiated coverage with a Buy rating on Gray Television (GTN – Research Report) and a price target of $11.00. The company’s shares closed last Friday at $6.14.
According to TipRanks, Kurnos is a 4-star analyst with an average return of 4.5% and a 46.06% success rate. Kurnos covers the Communication Services sector, focusing on stocks such as Magnite, Paramount Global Class B, and Gray Television.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gray Television with a $10.83 average price target.
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GTN market cap is currently $592.6M and has a P/E ratio of -4.44.
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Gray Television (GTN) Company Description:
Gray Television, Inc. is a television broadcasting company, which engages in owning and operating television stations and digital assets in markets throughout the United States. It operates through the following segments: Broadcasting, and Production Companies. The Broadcasting segment operates television stations located across local markets in the United States. The Production Companies segment includes the production of television and event content. The company was founded in January 1897 and is headquartered in Atlanta, GA.
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