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B.Riley FBR Keeps a Hold Rating on Sinclair Broadcast (SBGI)


B.Riley FBR analyst Barton Crockett maintained a Hold rating on Sinclair Broadcast (SBGI) today and set a price target of $35. The company’s shares opened today at $31.80.

According to TipRanks.com, Crockett is a 4-star analyst with an average return of 4.5% and a 55.5% 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.

Currently, the analyst consensus on Sinclair Broadcast is a Moderate Buy with an average price target of $36.33.

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Based on Sinclair Broadcast’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $63.88 million. In comparison, last year the company had a net profit of $30.64 million.

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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.