) pushed the Media industry lower today making it today's featured Media laggard. The industry as a whole closed the day up 2.4%. By the end of trading, Sinclair Broadcast Group fell $0.41 (-1.4%) to $29.53 on light volume. Throughout the day, 1,017,994 shares of Sinclair Broadcast Group exchanged hands as compared to its average daily volume of 1,900,200 shares. The stock ranged in price between $29.42-$30.36 after having opened the day at $30.03 as compared to the previous trading day's close of $29.94. Other companies within the Media industry that declined today were:
), down 12.9%,
), down 4.7%,
Mandalay Digital Group
), down 4.4% and
), down 4.4%.
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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. The company has a P/E ratio of 17.7, below the S&P 500 P/E ratio of 17.7. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. Shares are up 126.9% year to date as of the close of trading on Wednesday. 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
. 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 positive front,
), up 64.9%,
Digital Domain Media Group
), up 64.9%,
), up 8.8% and
), up 8.7% , were all gainers within the media industry with
) being today's featured media industry leader.
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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
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