Gray Television Inc. (GTN) Jumps: Stock Rises 8.3%

Zacks Equity Research

Thu, Jun 26, 2014, 6:57 AM

Gray Television Inc. (GTN) was a big mover last session, as its shares rose over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company, as the stock is now trading above the volatile price range of $11.03 to $12.13 in the past one-month time frame.

In the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Gray Television currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Other better-ranked stocks in the broadcasting- radio/tv industry include British Sky Broadcasting Group plc (BSYBY), Grupo Televisa, S.A.B. (TV) and LIN Media LLC (LIN). All these stocks carry a Zacks Rank #2 (Buy).

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GRAY TELEVISION INC (GTN): Free Stock Analysis Report

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Gray Television Inc. (GTN) Jumps: Stock Rises 8.3%

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