Gray Television (NYSE:GTN.A) Downgraded by ValuEngine

ValuEngine cut shares of Gray Television (NYSE:GTN.A) from a hold rating to a sell rating in a report issued on Thursday, ValuEngine reports.

Separately, TheStreet lowered shares of Gray Television from a b rating to a c+ rating in a research report on Thursday, June 6th.

Shares of GTN.A stock traded down $0.54 during trading on Thursday, hitting $16.85. 600 shares of the company were exchanged, compared to its average volume of 1,107. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.51 and a quick ratio of 2.51. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 6.99 and a beta of 1.98. The business’s 50-day moving average is $16.76. Gray Television has a twelve month low of $12.91 and a twelve month high of $23.30.

Gray Television (NYSE:GTN.A) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.27 earnings per share for the quarter. The firm had revenue of $518.00 million for the quarter. Gray Television had a net margin of 12.56% and a return on equity of 20.34%.

About Gray Television

Gray Television, Inc, a television broadcast company, owns and operates television stations and digital assets in the United States. As of February 28, 2019, it owned and operated television stations in 91 television markets broadcasting approximately 400 program streams, including approximately 150 channels affiliated with the CBS Network, the NBC Network, the ABC Network, and the FOX Network.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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