B.Riley FBR Downgrades Sinclair Broadcast (SBGI) to Hold


Sinclair Broadcast (NASDAQ: SBGI) received a Hold rating and a $33 price target from B.Riley FBR analyst Barton Crockett today. The company’s shares closed yesterday at $28.75.

According to TipRanks.com, Crockett is a 4-star analyst with an average return of 5.0% and a 55.1% success rate. Crockett covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Lions Gate Ent Corp Cl A, and Qurate Retail Group Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sinclair Broadcast with a $36.17 average price target.

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Sinclair Broadcast’s market cap is currently $2.94B and has a P/E ratio of 5.41. The company has a Price to Book ratio of 1.81.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sinclair Broadcast Group, Inc. is a television broadcasting company, which engages in the provision of content on local television stations and digital and other platforms. It operates through Broadcast segment. The Broadcast segment provides free over-the-air programming to television viewing audiences in the communities through local television stations.

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