Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 15, 2016
Zacks Investment Research has upgraded Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) to Hold in a statement released on Wednesday October 12, 2016.
On 04/18/2016, Benchmark released a statement for Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) bumped up the target price from $66.00 to $70.00 that suggested an upside of 0.45%.
Boasting a price of $56.67, Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) traded -1.96% lower on the day. With the last stock price close up 3.01% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Nexstar Broadcasting Group, Inc. has recorded a 50-day average of $54.51 and a two hundred day average of $51.58. Volume of trade was up over the average, with 1,124,686 shares of NXST changing hands over the typical 509,900
With a total market value of $0, Nexstar Broadcasting Group, Inc. has price-earnings ratio of 18.63 with a one year low of $34.65 and a one year high of $61.79 .
A total of 7 equity analysts have released a ratings update on NXST. 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $62.29.
About Nexstar Broadcasting Group, Inc. (NASDAQ:NXST)
Nexstar Broadcasting Group, Inc. (Nexstar) is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites in medium-sized markets in the United States. The Company's segments include Broadcasting and Other. The broadcast segment includes television stations and related community focused Websites that Nexstar owns, operates, programs or provides sales and other services to in various markets across the United States. The Company owns, operates, programs or provides sales and other services to approximately 100 full power television stations in over 60 markets in the states of Alabama, Arizona, Florida, Illinois, Maryland, Michigan, Missouri and Montana, among others. Its digital media businesses provide digital publishing and content management platforms, a digital video advertising platform and other digital media solutions to media publishers and advertisers.
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