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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Sinclair Broadcast Group ( SBGI) pushed the Media industry higher today making it today's featured media winner. The industry as a whole was unchanged today. By the end of trading, Sinclair Broadcast Group rose $1.38 (4.7%) to $30.61 on heavy volume. Throughout the day, 3,964,363 shares of Sinclair Broadcast Group exchanged hands as compared to its average daily volume of 1,526,200 shares. The stock ranged in a price between $29.45-$30.99 after having opened the day at $30.76 as compared to the previous trading day's close of $29.23. Other companies within the Media industry that increased today were: NTN Buzztime ( NTN), up 8.8%, Entravision Communications Corporation ( EVC), up 7.4%, Spanish Broadcasting System ( SBSA), up 7.2% and Journal Communications ( JRN), up 6.6%.

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 $2.2 billion and is part of the services sector. Shares are up 133.1% year to date as of the close of trading on Friday. Currently there are 3 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 notable return on equity, 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 negative front, Pandora Media ( P), down 10.1%, Point.360 ( PTSX), down 7.0%, Mandalay Digital Group ( MNDLD), down 5.5% and Mandalay Digital Group ( MNDL), down 5.5% , were all laggards within the media industry with Comcast ( CMCSA) being today's media industry laggard.

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).

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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