Sinclair Broadcast (NASDAQ:SBGI) target bumped down to $36.00, released a report earlier today by Wedbush
- Updated: September 26, 2016
Reporting a potential upside of 0.30%, Wedbush dropped the price target of Sinclair Broadcast (NASDAQ:SBGI) to $36.00
On Wednesday July 29, 2015, The Benchmark Company released a statement about Sinclair Broadcast (NASDAQ:SBGI) upped the target price from $35.00 to $37.00 that suggested an upside of 0%.
Having a price of $27.65, Sinclair Broadcast (NASDAQ:SBGI) traded 1.28% higher on the day. With the last stock price down -8.88% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. SBGI has recorded a 50-day average of $28.56 and a two hundred day average of $30.35. Trade Volume was up over the average, with 1,261,991 shares of SBGI changing hands over the typical 964,761
Recent Performance Chart
Sinclair Broadcast has PE ratio of 15.11 with a one year low of $24.80 and a one year high of $35.89 and has a market capitalization of $0.
General Company Details For Sinclair Broadcast (NASDAQ:SBGI)
Sinclair Broadcast Group, Inc. is a television broadcasting company. The Company owns or provides certain programming, operating or sales services to television stations in the United States. The Company's segments include Broadcast, Other and Corporate. The Broadcast segment consists of all of its television stations. The Other segment primarily consists of original networks and content, digital and Internet solutions, technical services and other non-media investments. The Company owns and provides programming and operating services pursuant to local marketing agreements (LMAs), or provides sales services and other non-programming operating services pursuant to joint sales agreements (JSA) and shared services agreements (SSA) to approximately 160 stations in over 80 markets. These stations broadcast over 440 channels, including 215 channels affiliated with primary networks or program service providers. It has a total of over 10 other low powered stations.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.