Sinclair Broadcast Group (NASDAQ:SBGI) was upgraded by analysts at Wells Fargo & Co. from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, American Banking & Market Newsreports. The firm currently has a $27.00 price objective on the stock, up from their previous price objective of $25.00. Wells Fargo & Co.’s price target would suggest a potential downside of 1.35% from the stock’s previous close. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI), shares after opening at $25.10 moved to $27.44 on last trade day and at the end of the day closed at $27.37. Company price to sales ratio in past twelve months was calculated as 1.97 and price to cash ratio as 11.72. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI), showed a positive weekly performance of 1.41%.
On April 3, 2014, Gray Television, Inc. (NYSE:GTN) announced that it has received all government approvals for all of its previously announced television station acquisitions, including those involving Hoak Media, LLC (“Hoak”). Gray Television, Inc. (NYSE:GTN), shares advanced 6.21% in last trading session and ended the day on $9.92. Gray Television, Inc. (NYSE:GTN), return on equity ratio is recorded as 7.00% and its return on assets is 0.80%. Gray Television, Inc. (NYSE:GTN), yearly performance is 106.67%.
Nexstar Broadcasting Group (NASDAQ:NXST) was upgraded by research analysts at Wells Fargo & Co. from a “market perform” rating to an “outperform” rating in a report released on Wednesday, StockRatingsNetwork.com reports. The firm currently has a $40.00 target price on the stock, up from their previous target price of $36.00. Wells Fargo & Co.’s price target indicates a potential upside of 7.12% from the company’s current price. Nexstar Broadcasting Group, Inc. (NASDAQ:NXST), shares moved up 6.05% in last trading session and was closed at $37.34, while trading in range of $ 34.75 – 37.62. Nexstar Broadcasting Group, Inc. (NASDAQ:NXST), year to date (YTD) performance is -32.76%.
The Young Law Firm , a national shareholder litigation firm, is investigating potential claims concerning the proposed merger of LIN Media LLC (“LIN Media” or the “Company”) (NYSE: LIN ) with Media General, Inc . The investigation concerns the fairness of the price offered for the Company and whether the interests of the Company’s public shareholders are being adequately protected. On March 21, 2014 LIN Media issued a press release announcing the proposed merger with Media General, Inc. LIN Media LLC (NYSE:TVL), weekly performance is -6.17%. On last trading day company shares ended up $14.90. LIN Media LLC (NYSE:TVL), distance from 50-day simple moving average (SMA50) is 8.33%. Analysts mean target Price for the company is $27.67.