Sinclair Broadcast Group Inc. (SBGI): Today's Featured Media Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Media industry higher today making it today's featured media winner. The industry as a whole was unchanged today. By the end of trading, Sinclair Broadcast Group rose $0.44 (1.5%) to $28.95 on average volume. Throughout the day, 1,313,580 shares of Sinclair Broadcast Group exchanged hands as compared to its average daily volume of 1,670,600 shares. The stock ranged in a price between $28.09-$28.96 after having opened the day at $28.59 as compared to the previous trading day's close of $28.51. Other companies within the Media industry that increased today were:
(
), up 17.6%,
Digital Domain Media Group
(
DDMGQ
), up 17.6%,
(
), up 16.7% and
(
), up 4.5%.
Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides programming, operating, or sales services to television stations in the United States. Sinclair Broadcast Group has a market cap of $2.1 billion and is part of the services sector. Shares are up 130.6% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Sinclair Broadcast Group a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Sinclair Broadcast Group
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Sinclair Broadcast Group Ratings Report.
On the negative front,
Entravision Communications Corporation
(
), down 11.7%,
(
), down 7.2%,
(
), down 7.2% and
(
), down 5.9% , were all laggards within the media industry with
(
) being today's media industry laggard.
- Use our media section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider
(
) while those bearish on the media industry could consider
ProShares Ultra Sht Consumer Services
(
).
- Find other investment ideas from our top rated ETFs lists.
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