News stories about Sinclair Broadcast Group (NASDAQ:SBGI) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sinclair Broadcast Group earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.775655596706 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
Several brokerages have recently weighed in on SBGI. BidaskClub cut shares of Sinclair Broadcast Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 4th. ValuEngine upgraded shares of Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Ameriprise Financial restated a “buy” rating and set a $45.00 target price (up previously from $43.00) on shares of Sinclair Broadcast Group in a research note on Friday, November 3rd. B. Riley raised their target price on shares of Sinclair Broadcast Group from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Finally, FBR & Co began coverage on shares of Sinclair Broadcast Group in a research note on Tuesday, October 31st. They set a “buy” rating and a $43.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.00.
Sinclair Broadcast Group (NASDAQ SBGI) traded up $0.20 during mid-day trading on Wednesday, hitting $36.65. 1,367,302 shares of the company were exchanged, compared to its average volume of 1,562,355. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market capitalization of $3,616.89, a price-to-earnings ratio of 15.00, a PEG ratio of 1.94 and a beta of 1.80. Sinclair Broadcast Group has a 1 year low of $26.70 and a 1 year high of $43.05.
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Sinclair Broadcast Group Company Profile
Sinclair Broadcast Group, Inc is a television broadcasting company. The Company focuses on providing content on its local television stations and digital platforms. The Company’s segments are broadcast, other and corporate. The Broadcast segment consists of its broadcast television stations. The content distributed through its broadcast platform consists of programming provided by third-party networks and syndicators, local news, it owns networks, and other original programming produced by it.
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