Gray Television with ticker code (GTN) have now 8 analysts covering the stock. The analyst consensus points to a rating of ‘Strong_Buy’. The target price ranges between 32 and 25 calculating the average target price we see 28.63. Given that the stocks previous close was at 22.88 this indicates there is a potential upside of 25.1%. The 50 day moving average now sits at 21.38 and the 200 moving average now moves to 21.99. The market cap for the company is $2,122m. Company Website: https://www.gray.tv
The potential market cap would be $2,655m based on the market concensus.
Gray Television, a television broadcast company, owns and/or operates television stations and digital assets in the United States. The company also broadcasts secondary digital channels affiliated to ABC, CBS, and FOX, as well as channels affiliated with various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Justice, Circle, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets. In addition, it is also involved in the video program production, marketing, and digital businesses, including Raycom Sports, Tupelo-Raycom, and RTM Studios; and production of Power Nation programs and content. It owns and operates television stations and digital properties in 94 television markets. The company was formerly known as Gray Communications Systems and changed its name to Gray Television in August 2002. Gray Television was founded in 1897 and is headquartered in Atlanta, Georgia.
