E.W. Scripps Company (The) with ticker code (SSP) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 30 and 20 with the average target price sitting at 25.83. Given that the stocks previous close was at 17.25 this indicates there is a potential upside of 49.7%. The day 50 moving average is 19.87 and the 200 day moving average is 19.46. The market capitalisation for the company is $1,355m. You can visit the company’s website by visiting: https://www.scripps.com
The potential market cap would be $2,029m based on the market concensus.
The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. The company operates through Local Media, Scripps Network, and Other segments. The Local Media segment operates broadcast television stations, which produce news, information, and entertainment content, as well as its related digital operations. This segment also runs network, syndicated, and original programming. The Scripps Network segment comprises of national television networks. The Network operates through over-the-air broadcast, cable/satellite, connected TV, and digital distribution. In addition, the company provides content and services through the internet, smartphones, and tablets. Further, the company provides Newsy, a national news network, which provides politics, entertainment, science, and technology news; and Scripps National Spelling Bee, an investigative reporting newsroom in Washington, D.C. Additionally, the company offers ION, a national broadcast television network that delivers popular crime and justice procedural programming through over-the-air broadcast and pay TV platforms. It serves audiences and businesses. The E.W. Scripps Company operates through a network of 61 television stations. The company was founded in 1878 and is headquartered in Cincinnati, Ohio.
