Gray Media (NYSE:GTN) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Gray Media (NYSE:GTN) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Several other equities analysts have also issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gray Media in a research note on Monday, December 29th. Zacks Research upgraded shares of Gray Media from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Wells Fargo & Company raised their target price on shares of Gray Media from $5.00 to $5.50 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Finally, Benchmark increased their price objective on Gray Media from $10.00 to $12.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.75.

Gray Media Stock Performance

Shares of GTN stock opened at $5.18 on Friday. The firm has a market cap of $528.32 million, a price-to-earnings ratio of -3.64 and a beta of 0.89. Gray Media has a 52-week low of $3.13 and a 52-week high of $6.30. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 2.60. The company’s 50 day moving average is $4.65 and its 200 day moving average is $5.05.

Gray Media (NYSE:GTN) last announced its earnings results on Thursday, February 26th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.04. The business had revenue of $792.00 million for the quarter, compared to analysts’ expectations of $780.50 million. Gray Media had a negative return on equity of 2.50% and a negative net margin of 2.75%.The business’s revenue for the quarter was down 24.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.59 EPS. On average, sell-side analysts anticipate that Gray Media will post 3.32 EPS for the current fiscal year.

Gray Media Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.32 dividend on an annualized basis and a yield of 6.2%. Gray Media’s dividend payout ratio (DPR) is currently 78.05%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in Gray Media by 7.4% during the 1st quarter. Empowered Funds LLC now owns 464,859 shares of the company’s stock worth $2,008,000 after purchasing an additional 32,173 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Gray Media in the 1st quarter valued at about $28,000. Nisa Investment Advisors LLC lifted its stake in Gray Media by 215.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 49,280 shares of the company’s stock worth $223,000 after purchasing an additional 33,672 shares in the last quarter. Atria Investments Inc boosted its holdings in shares of Gray Media by 19.1% during the 2nd quarter. Atria Investments Inc now owns 86,324 shares of the company’s stock worth $391,000 after purchasing an additional 13,837 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Gray Media in the second quarter valued at approximately $363,000. 78.64% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Gray Media

Here are the key news stories impacting Gray Media this week:

• Positive Sentiment: Benchmark Co. raised its price target to $12 and set a “buy” rating, implying substantial upside from current levels. Analyst optimism can support buying interest and sentiment improvement. Analyst Upgrade
• Positive Sentiment: Board authorized a quarterly cash dividend of $0.08 per share (payable Mar 31; record Mar 13), yielding roughly 5.9% — attractive income for yield-focused investors and a cash-return signal. Dividend Announcement
• Positive Sentiment: Q4 results topped street estimates: adjusted EPS beat (reported loss smaller than expected) and revenue of $792M beat consensus. Management said results exceeded guidance and highlighted strong Q4 execution, which supports near-term fundamentals. Q4 Press Release
• Neutral Sentiment: Earnings call transcripts and slide deck are available (useful for detail on ad trends, political/seasonal impacts and cost actions). These materials can clarify drivers but don’t change the headline results. Call Transcript Slide Deck
• Negative Sentiment: Q1 2026 revenue guidance was lowered to about $755M–$770M, below consensus (~$779M). Below-consensus forward guidance is the primary negative catalyst and explains downward pressure on the share price.
• Negative Sentiment: Revenue declined ~24% year-over-year and prior-year EPS was much higher; the company is still navigating a post-election/advertising slowdown and structural pressures that may limit near-term upside. Zacks and other outlets highlighted the loss but noted the beat. Zacks Coverage

Gray Media Company Profile

Gray Media (NYSE:GTN) is a U.S.-based broadcasting and digital media company that owns and operates a portfolio of local television stations and associated digital platforms. The company’s core business centers on delivering local news, sports and entertainment programming through its network-affiliated broadcast outlets. In addition to traditional over-the-air distribution, Gray Media supports multi-platform video streaming and on-demand services for audiences across its markets.

Gray Media’s television stations carry network programming from major national broadcasters, including ABC, CBS, NBC, Fox and The CW, and often feature locally produced news and public affairs content.