Sinclair Broadcast Group Inc. (SBGI): Today's Featured Media Laggard

Sinclair Broadcast Group ( SBGI) 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: VisionChina Media ( VISN), down 12.9%, Educational Development Corporation ( EDUC), down 4.7%, Mandalay Digital Group ( MNDLD), down 4.4% and Mandalay Digital Group ( MNDL), down 4.4%.

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 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.

On the positive front, Digital Domain Media Group ( DDMG), up 64.9%, Digital Domain Media Group ( DDMGQ), up 64.9%, ChinaNet Online Holdings ( CNET), up 8.8% and Inuvo ( INUV), up 8.7% , were all gainers within the media industry with News Corporation ( NWS) being today's featured media industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider PowerShares Dynamic Media ( PBS) while those bearish on the media industry could consider ProShares Ultra Sht Consumer Services ( SCC).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Global Stocks Rebound But US-China Trade War Concerns Keep Investors on Edge

Global Stocks Rebound But US-China Trade War Concerns Keep Investors on Edge

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China