Nexstar Broadcasting Group, Inc. (NXST) was a big mover last session with shares rising nearly 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 recent trend of the company as the stock is now trading above the past one month’s volatile price range of $33.15 to $39.77.
This television broadcasting and digital media company has seen no estimate revisions in the last 7 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.
Nexstar Broadcasting currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the TV/Radio broadcasting industry may consider better-ranked stocks like AMC Networks Inc. (AMCX), Entravision Communications Corp. (EVC) and Phoenix New Media Limited (FENG). All three stocks sport a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
NEXSTAR BROADCASTING GRP CL A (NXST): Free Stock Analysis Report
AMC NETWORKS CL A (AMCX): Free Stock Analysis Report
ENTRAVISION COMMUNICATIONS C (EVC): Free Stock Analysis Report
PHOENIX NEW MEDIA LTD (FENG): Free Stock Analysis Report
Zacks Investment Research