News stories about Sinclair Broadcast Group (NASDAQ:SBGI) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sinclair Broadcast Group earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.8479354962048 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Keep Your Active Eyes on Sinclair Broadcast Group, Inc. (SBGI) – Wall Street Morning (wallstreetmorning.com)
- Brokerages Expect Sinclair Broadcast Group Inc (SBGI) to Announce $0.74 EPS (americanbankingnews.com)
- Cable Group Rips Sinclair Station Divestiture Plans As Vague (law360.com)
- Hot Stock’s Alert – Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) – The Investor Guide (wallstreetnews24.com)
- Sinclair Broadcast Group Target of Unusually Large Options Trading (SBGI) (americanbankingnews.com)
Shares of Sinclair Broadcast Group (NASDAQ SBGI) traded down $0.35 during midday trading on Friday, reaching $32.20. The company’s stock had a trading volume of 1,497,480 shares, compared to its average volume of 1,295,430. The firm has a market cap of $3,311.93, a price-to-earnings ratio of 5.69, a PEG ratio of 1.52 and a beta of 1.83. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 2.53. Sinclair Broadcast Group has a 12-month low of $26.70 and a 12-month high of $41.20.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Thursday, March 8th. Sinclair Broadcast Group’s dividend payout ratio (DPR) is 12.72%.
Several equities analysts have weighed in on the company. BidaskClub raised Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. ValuEngine upgraded Sinclair Broadcast Group from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of Sinclair Broadcast Group in a research note on Wednesday, February 21st. Royal Bank of Canada restated a “buy” rating and set a $48.00 price target on shares of Sinclair Broadcast Group in a research note on Thursday, January 4th. Finally, B. Riley lowered their target price on Sinclair Broadcast Group from $53.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. Sinclair Broadcast Group has a consensus rating of “Buy” and a consensus price target of $46.64.
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About Sinclair Broadcast Group
Sinclair Broadcast Group, Inc is a television broadcasting company. The Company focuses on providing content on its local television stations and digital platforms. The Company’s segments are broadcast, other and corporate. The Broadcast segment consists of its broadcast television stations. The content distributed through its broadcast platform consists of programming provided by third-party networks and syndicators, local news, it owns networks, and other original programming produced by it.
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