Is It Time To Review Stock News? Sinclair Broadcast Group (NASDAQ:SBGI)

Sinclair Broadcast Group (NASDAQ:SBGI) spotted trading -35.92% off 52-week high price. On the other end, the stock has been noted 69.69% away from the low price over the last 52-weeks. The stock changed 3.04% to recent value of $42.66. The stock transacted 911993 shares during most recent day however it has an average volume of 967.05K shares. The company has 90.31M of outstanding shares and 63.85M shares were floated in the market.  

On Oct. 17, 2019, Sinclair Broadcast Group (NASDAQ:SBGI) and AT&T have agreed on a multi-year agreement across DIRECTV, AT&T TV and U-verse for continued carriage of Sinclair’s owned local broadcast stations and Tennis Channel, for future carriage of Marquee Sports Network, a regional sports network featuring games of the Chicago Cubs launching in 2020, as well as for the 21 RSN brands Sinclair recently acquired and the YES Network, in which Sinclair is a joint-venture partner.

About Sinclair:

Sinclair is a diversified media company and leading provider of local sports and news. The Company owns and/or operates 23 regional sports network brands; owns, operates and/or provides services to 191 television stations in 89 markets; is a leading local news provider in the country; owns multiple national networks; and has TV stations affiliated with all the major broadcast networks. Sinclair’s content is delivered via multiple-platforms, including over-the-air, multi-channel video program distributors, and digital platforms.

 Its earnings per share (EPS) expected to touch remained 9.90% for this year while earning per share for the next 5-years is expected to reach at 1.60%. SBGI has a gross margin of 60.20% and an operating margin of 19.70% while its profit margin remained 10.60% for the last 12 months. 

 According to the most recent quarter its current ratio was 3.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.27% from the mean of 20 days, -1.53% from mean of 50 days SMA and performed -3.32% from mean of 200 days price. Company’s performance for the week was 5.99%, -6.08% for month and YTD performance remained 61.96%.

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