In a report released yesterday, Michael Kupinski from Noble Financial maintained a Buy rating on Gray Television (NYSE: GTN). The company’s shares closed yesterday at $11.75, close to its 52-week low of $10.70.
According to TipRanks.com, Kupinski has 0 stars on 0-5 star ranking scale with an average return of -9.9% and a 30.7% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, Entercom Communications, and 1-800 Flowers.com.
Currently, the analyst consensus on Gray Television is Strong Buy and the average price target is $19.67, representing a 67.4% upside.
In a report issued on May 3, Benchmark Co. also maintained a Buy rating on the stock with a $20 price target.
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The company has a one-year high of $17.80 and a one-year low of $10.70. Currently, Gray Television has an average volume of 1.23M.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GTN in relation to earlier this year.
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.
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.
