Gray Television (GTN) in Focus: Stock Tumbles 7.1% – Tale of the Tape

Zacks

Gray Television Inc. (GTN) saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for GTN as the stock is now up nearly 25% in the past one-month time frame.

The company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (1 increase, 1 decrease), though its current year earnings consensus has moved lower over the past 30 days. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

GTN currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

A better-ranked stock in the same sector is Entravision Communications Corporation (EVC), holding a Zacks Rank #2 (Buy).

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