Sinclair Broadcast Group Inc (NASDAQ:SBGI) has coverage initiated with a In-Line rating and $34.00 price target

ME Staff
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Analyst Ratings For Sinclair Broadcast Group Inc (NASDAQ:SBGI)

Today, Evercore ISI initiated coverage on Sinclair Broadcast Group Inc (NASDAQ:SBGI) with a In-Line with a price target of $34.00.

There are 9 Buy Ratings, 1 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Sinclair Broadcast Group Inc (NASDAQ:SBGI) is Buy with a consensus target price of $42.90 per share, a potential 65.32% upside.

Some recent analyst ratings include

  • 7/31/2018-Evercore ISI initiated coverage with a In-Line rating.
  • 5/10/2018-Benchmark Reiterated Rating of Buy.
  • 12/14/2017-Jefferies Financial Group initiated coverage with a Buy rating.

Recent Insider Trading Activity For Sinclair Broadcast Group Inc (NASDAQ:SBGI)
Sinclair Broadcast Group Inc (NASDAQ:SBGI) has insider ownership of 29.24% and institutional ownership of 84.82%.

  • On 6/14/2018 Lawrence E. Mccanna, Director, sold 2,000 with an average share price of $32.26 per share and the total transaction amounting to $64,520.00.
  • On 10/2/2017 Howard E Friedman, Director, sold 1,010 with an average share price of $31.98 per share and the total transaction amounting to $32,299.80.
  • On 6/14/2017 Lawrence E. Mccanna, Director, sold 2,000 with an average share price of $34.75 per share and the total transaction amounting to $69,500.00.
  • On 5/5/2017 David D Smith, Insider, bought 4,400 with an average share price of $36.77 per share and the total transaction amounting to $161,788.00.
  • On 3/2/2017 Barry Faber, VP, sold 9,922 with an average share price of $41.24 per share and the total transaction amounting to $409,183.28.
  • On 3/2/2017 David B. Amy, Vice Chairman, sold 28,000 with an average share price of $40.87 per share and the total transaction amounting to $1,144,360.00.
  • On 3/2/2017 David R. Bochenek, Insider, sold 5,000 with an average share price of $41.38 per share and the total transaction amounting to $206,900.00.

About Sinclair Broadcast Group Inc (NASDAQ:SBGI)
Sinclair Broadcast Group, Inc. operates as a television broadcasting company in the United States. It owns or provides various programming, operating, or sales services to television stations. The company broadcasts free over-the-air programming, such as network provided programs, locally-produced news, local sporting events, programming from program service arrangements, syndicated entertainment programs, and internally originated programming to television viewing audiences in the communities through its local television stations. As of December 31, 2017, it owned, operated, and/or provided services to 191 stations in 89 markets, which broadcast 601 channels. The company also owns and operates various networks carried on distribution platforms; and Tennis Channel, a cable network that includes coverage of various tennis' top tournaments and original professional sport, and tennis lifestyle shows. In addition, it offers digital agency services; and broadcast related technical services to the broadcast industry, as well as designs and manufactures broadcast systems, including transmitters and antennas. In addition, it provides sign design and fabrication services; and invests in various real estate ventures, including developmental land, and operating commercial and multi-family residential real estate properties and apartments, as well as private equity and structured debt/mezzanine financing investment funds. The company was founded in 1986 and is headquartered in Hunt Valley, Maryland.

Recent Trading Activity for Sinclair Broadcast Group Inc (NASDAQ:SBGI)
Shares of Sinclair Broadcast Group Inc closed the previous trading session at 25,80 −0,055 0,21 % with 307987 shares trading hands.