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NEW YORK, Nov. 13, 2017 /PRNewswire/ —
If you want a Stock Review on GTN, LBRDK, NWS, or NXST then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Business advertising, program popularity, and consumer demographics drive demand in the TV Broadcasting industry. The profitability of individual companies in this space depends on advertising volume, programming mix, and efficient operations. In today’s pre-market research, DailyStockTracker.com covers the following stocks: Gray Television Inc. (NYSE: GTN), Liberty Broadband Corp. (NASDAQ: LBRDK), News Corp. (NASDAQ: NWS), and Nexstar Media Group Inc. (NASDAQ: NXST). Learn more about these stocks by downloading their comprehensive and free reports from DailyStockTracker.com member’s area at: http://dailystocktracker.com/register/
Atlanta, Georgia headquartered Gray Television Inc.’s shares finished Friday’s session 0.33% higher at $15.40. A total volume of 859,740 shares was traded. The stock has gained 5.12% over the previous three months and 41.94% on an YTD basis. The Company’s shares are trading above their 50-day and 200-day moving averages by 2.53% and 9.97%, respectively. Moreover, shares of Gray Television, which owns and operates television stations and digital assets in the US, have a Relative Strength Index (RSI) of 55.04.
On October 18th, 2017, research firm Guggenheim initiated a ‘Buy’ rating on the Company’s stock, with a target price of $20 per share.
On November 06th, 2017, Gray Television announced record-setting results of operations for Q3 and year-to-date periods ended September 30th, 2017. Net income for Q3 2017 was $15.3 million – the highest net income for any third quarter in the Company’s history. Broadcast cash flow for the quarter was $79.9 million, and free cash flow was $38.1 million. As of September 30th, 2017, total leverage ratio, net of all cash has improved to 4.99 times on a trailing eight-quarter basis. GTN complete research report is just a click away at: http://dailystocktracker.com/registration/?symbol=GTN
Shares in Englewood, Colorado-based Liberty Broadband Corp. ended the day 0.08% lower at $88.49 with a total trading volume of 489,050 shares. The stock has advanced 19.47% since the start of this year. The Company’s shares are trading 2.17% below their 200-day moving average. Moreover, shares of Liberty Broadband, which provides video, Internet, and voice services to residential and commercial customers in the US, have an RSI of 42.04.
On October 16th, 2017, Liberty Broadband (LBRDK) announced that it will webcast its annual Investor Meeting on November 16th, 2017, in New York. The Investor Meeting will occur immediately after the annual Investor Meeting of Liberty Interactive Corporation. Presentations at Liberty Interactive’s annual Investor Meeting will begin at approximately 9:10 a.m. EST, and LBRDK’s annual Investor Meeting is estimated to begin at approximately 10:20 a.m. EST. The complimentary report on LBRDK can be downloaded at: http://dailystocktracker.com/registration/?symbol=LBRDK
New York headquartered News Corp.’s stock jumped 5.42%, closing the session at $15.55. A total volume of 935,985 shares was traded, which was above their three months average volume of 453,300 shares. The Company’s shares have gained 12.27% in the last one month, 12.68% in the previous three months, and 31.78% on an YTD basis. The stock is trading 12.62% above its 50-day moving average and 14.41% above its 200-day moving average. Additionally, shares of News Corp., which focuses on creating and distributing content to consumers and businesses worldwide, have an RSI of 79.52.
On October 16th, 2017, Storyful, a division of News Corp., announced the promotion of Ebonie Newman to the role of Global Chief Revenue Officer. Ms. Newman, who is currently the Company’s Executive Director of Sales for Asia/Pacific region, will relocate to New York to take up the role, effective November. She will oversee sales and marketing efforts for the business and will look at new commercial opportunities for revenue growth across all regions. Sign up for your complimentary research report on NWS at: http://dailystocktracker.com/registration/?symbol=NWS
Nexstar Media Group
On Friday, shares in Irving, Texas headquartered Nexstar Media Group Inc. finished the session 0.83% lower at $65.65. A total volume of 783,868 shares was traded, which was above their three months average volume of 754,190 shares. The stock has gained 9.78% in the last month, 3.88% over the previous three months, and 3.71% on an YTD basis. The Company’s shares are trading above their 50-day and 200-day moving averages by 7.01% and 3.15%, respectively. Moreover, shares of Nexstar Media, which operates as a television broadcasting and digital media company in the US, have an RSI of 64.57.
On October 27th, 2017, Nexstar Media announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of its Class A common stock. The dividend is payable on December 01st, 2017, to shareholders of record on November 17th, 2017.
On October 31st, 2017, research firm FBR & Co. initiated a ‘Buy’ rating on the Company’s stock, with a target price of $79 per share. Get free access to your research report on NXST at: http://dailystocktracker.com/registration/?symbol=NXST
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