Stock In Limelight: Gray Television, Inc. (NYSE:GTN)


Gray Television, Inc. (NYSE:GTN) has obtained a mean price target of $19.0000 by market experts. The research group First Call has reached this mean recommendation by taking into account the recommendations of leading analysts in the market. These market experts have disclosed projected earnings of $0.5500 a share for the near-term quarter and $1.7400 for this year. Technical View The technical analysis of Gray Communications Systems, In clearly shows that the moving average of 50-days of Gray Television, Inc. (NYSE:GTN) stock is $11.3129, and stock is trading 0.3472 or +3.0691% off from $11.3129. Coming to moving average of 200-days, it is $12.1131, and the stock is $-0.4530 or -3.7398% off from this point. The 52-week high of Gray Television, Inc. (NYSE:GTN) was $18.0700 while $9.9500 is the low in the same period. This state Gray Communications Systems, In shares price has to travel more than $-6.4099 to register a new high of 52-weeks or drop $+17.1869% to touch a new 52-week low point. MA here stands for moving average. Taking the Valuation Aspect To reach the estimation of Gray Communications Systems, In, investors use price-to-earnings ratio, which is truncated as P/E ratio. It assesses shares price by the relative expense of the stock. Gray Television, Inc. (NYSE:GTN) ratio came in at 20.0345, which was derived by dividing current price of stock by yearly earnings. Gray Communications Systems, In stock recorded a close of $11.6601 in last trading session, reaching a market cap of $838.09M. Investors calculate the Price-to-Earnings-Growth ratio to get a clear view on the valuation of a firm. In the case of a higher PEG ratio, the shareholders look to sell their stock holdings. The undervalued stock has a PEG ratio of 0 or 1 while the fairly valued stock has the ratio of 1 and 2. The Gray Television, Inc. (NYSE:GTN) PEG ratio is at 0.9700.

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