Gray Television (GTN) Gets a Buy from Barrington

Barrington analyst James Goss reiterated a Buy rating on Gray Television (GTNResearch Report) today and set a price target of $15.00. The company’s shares opened today at $9.75.

Goss covers the Services sector, focusing on stocks such as Clear Channel Outdoor, Cumulus Media, and Gray Television. According to TipRanks, Goss has an average return of -6.8% and a 35.47% success rate on recommended stocks.

Gray Television has an analyst consensus of Hold, with a price target consensus of $14.75, a 51.28% upside from current levels. In a report released on November 7, Noble Financial also maintained a Buy rating on the stock with a $25.00 price target.

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GTN market cap is currently $949.9M and has a P/E ratio of 3.52.

Based on the recent corporate insider activity of 60 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, 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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