Loop Capital Markets analyst Alan Gould reiterated a Buy rating on Gray Television (GTN – Research Report) today and set a price target of $10.00. The company’s shares closed yesterday at $6.70.
According to TipRanks, Gould is a 4-star analyst with an average return of 4.8% and a 51.69% success rate. Gould covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Comcast, and Gray Television.
In addition to Loop Capital Markets, Gray Television also received a Buy from Benchmark Co.’s Daniel Kurnos in a report issued today. However, yesterday, Wells Fargo maintained a Sell rating on Gray Television (NYSE: GTN).
The company has a one-year high of $10.34 and a one-year low of $5.37. Currently, Gray Television has an average volume of 1.28M.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GTN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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