Gray Television (GTN) Received its Third Buy in a Row


After Guggenheim and Benchmark Co. gave Gray Television (NYSE: GTN) a Buy rating last month, the company received another Buy, this time from Barrington. Analyst James Goss reiterated a Buy rating on Gray Television today and set a price target of $30.00. The company’s shares closed last Monday at $18.38.

According to TipRanks.com, Goss is a 4-star analyst with an average return of 3.3% and a 49.5% success rate. Goss covers the Services sector, focusing on stocks such as Clear Channel Outdoor, Nexstar Media Group, and Lions Gate Ent Cl A.

Gray Television has an analyst consensus of Strong Buy, with a price target consensus of $30.00, implying a 67.8% upside from current levels. In a report issued on February 25, Benchmark Co. also maintained a Buy rating on the stock.

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The company has a one-year high of $25.31 and a one-year low of $13.60. Currently, Gray Television has an average volume of 598.5K.

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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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