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LIN Media (LIN) Falls: Stock Goes Down 5.7%

Zacks Equity Research

LIN Media LLC (LIN) saw a big move last session, as the company’s shares fell by nearly 6 % on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for LIN, as the stock is now down nearly 24% since Jul 16.
This Radio company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
LIN currently has a Zacks Rank # 5 (Strong Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Radio Broadcasting industry include British Sky Broadcasting Group plc (BSYBY), CTC Media, Inc (CTCM) and Media General, Inc. (MEG). While British Sky Broadcasting holds a Zacks Rank #1 (Strong Buy), CTC Media and Media General carry a Zacks Rank #2 (Buy).
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LIN MEDIA LLC (LIN): Free Stock Analysis Report

BRITISH SKY ADS (BSYBY): Free Stock Analysis Report

CTC MEDIA INC (CTCM): Free Stock Analysis Report

MEDIA GENERAL INC (MEG): Free Stock Analysis Report

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