Sinclair Broadcast (SBGI) received a Sell rating from Wells Fargo analyst Steven Cahall today. The company’s shares closed last Wednesday at $19.32.
According to TipRanks.com, Cahall is a 1-star analyst with an average return of -1.4% and a 50.3% success rate. Cahall covers the Services sector, focusing on stocks such as Clear Channel Outdoor, Nexstar Media Group, and World Wrestling.
The word on The Street in general, suggests a Hold analyst consensus rating for Sinclair Broadcast with a $22.00 average price target.
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Sinclair Broadcast’s market cap is currently $1.72B and has a P/E ratio of 13.10. The company has a Price to Book ratio of -0.15.
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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. Its primary channels consists of network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and internally originated programming. The company was founded by Julian Sinclair Smith in 1986 and is headquartered in Hunt Valley, MD.
