Sinclair Broadcast Group Reaches New 52-Week High (SBGI)

NEW YORK ( TheStreet) -- Sinclair Broadcast Group (Nasdaq: SBGI) hit a new 52-week high Monday as it is currently trading at $31.16, above its previous 52-week high of $30.39 with 202,549 shares traded as of 9:46 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.

Sinclair Broadcast Group has a market cap of $2.17 billion and is part of the services sector and media industry. Shares are up 134.5% year to date as of the close of trading on Friday.

Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides programming, operating, or sales services to television stations in the United States.

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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.

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