Sinclair Broadcast Group Stock Hits New 52-Week High (SBGI)
Sinclair Broadcast Group (Nasdaq:SBGI) hit a new 52-week high Wednesday as it is currently trading at $29.73, above its previous 52-week high of $29.67 with 504,622 shares traded as of 11:36 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Sinclair Broadcast Group (Nasdaq: SBGI) hit a new 52-week high Wednesday as it is currently trading at $29.73, above its previous 52-week high of $29.67 with 504,622 shares traded as of 11:36 a.m. ET. Average volume has been 1.9 million shares over the past 30 days. Sinclair Broadcast Group has a market cap of $2.04 billion and is part of the services sector and media industry. Shares are up 119.6% year to date as of the close of trading on Tuesday. 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 17.1, below the S&P 500 P/E ratio of 17.7.
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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. See all 52-week high stocks or get investment ideas from our investment research center. 3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..
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