Gray Television (GTN) Gets a Buy Rating from Noble Financial


Noble Financial analyst Michael Kupinski maintained a Buy rating on Gray Television (NYSE: GTN) today and set a price target of $23. The company’s shares opened today at $16.55.

According to TipRanks.com, Kupinski has currently no stars on a ranking scale of 0-5 stars, with an average return of -5.4% and a 37.5% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, Entercom Communications, and McClatchy Company.

Gray Television has an analyst consensus of Strong Buy, with a price target consensus of $22.67, a 37.0% upside from current levels. In a report released yesterday, Barrington also maintained a Buy rating on the stock with a $19 price target.

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Based on Gray Television’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $40.71 million. In comparison, last year the company had a net profit of $70.56 million.

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Gray Television, Inc. is a television broadcasting company, which engages in owning and operating television stations and digital assets in markets throughout the United States. It also sells internet advertising on its stations’ websites. The company was founded in January 1897 and is headquartered in Atlanta, GA.

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