Sinclair Broadcast Group Rises On Unusually High Volume (SBGI)

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NEW YORK ( TheStreet) -- Sinclair Broadcast Group (Nasdaq: SBGI) is trading at unusually high volume Thursday with three million shares changing hands. It is currently at two times its average daily volume and trading up $1.16 (+4.3%) at $28.27 as of 3:56 p.m. ET.

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Sinclair Broadcast Group has a market cap of $1.44 billion and is part of the services sector and media industry. Shares are up 115.5% year to date as of the close of trading on Wednesday.

Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides programming, operating, or sales services to television stations in the United States. The company has a P/E ratio of 16.8, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Sinclair Broadcast Group as a buy. 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.

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