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Technical Roundup on TV Broadcasters Stocks -- Grupo Televisa, TEGNA, Gray Television, and Sinclair Broadcast


News provided by

Chelmsford Park SA

Aug 16, 2016, 08:15 ET

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NEW YORK, August 16, 2016 /PRNewswire/ --

Today's focus is on Television Broadcasting, which, as per London-based professional-services network PricewaterhouseCoopers, is expected to supply up to 80% of consumer revenues to the industry in 2019 despite the rising popularity of digital media. This morning, Stock-Callers.com is reviewing the following equities: Grupo Televisa S.A.B. (NYSE: TV), TEGNA Inc. (NYSE: TGNA), Gray Television Inc. (NYSE: GTN), and Sinclair Broadcast Group Inc. (NASDAQ: SBGI). Sign up today and download for free the research reports for the stocks covered today at:

http://stock-callers.com/registration

Grupo Televisa  

Mexico City, Mexico-based Grupo Televisa S.A.B.'s stock recorded a trading volume of 1.38 million shares on Monday and finished the session 1.61% higher at $27.74. The Company's shares have gained 3.51% in the last one month, 4.38% over the previous three months, and 2.31% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.54% and 3.71%, respectively. Furthermore, shares of Grupo Televisa, which operates as a media company in the Spanish-speaking world, have a Relative Strength Index (RSI) of 66.27. TV complete research report is just a click away at:

http://stock-callers.com/registration/?symbol=TV


TEGNA  

On Monday, McLean, Virginia headquartered TEGNA Inc.'s stock recorded a trading volume of 1.37 million shares and ended the session 2.00% higher at $21.37. Shares of the Company, which engages in media and digital businesses in the US, are trading 5.79% below their 50-day moving average. The stock has an RSI of 41.41.

On July 26th, 2016, TEGNA reported GAAP earnings per diluted share from continuing operations of $0.45 for Q2 2016. Non-GAAP earnings per diluted share were $0.50 for Q2 2016 compared to $0.30 for Q2 2015, an increase of 66.7%. Total company's GAAP revenues increased 7.3% in Q2 2016 compared to Q2 2015. On a pro forma basis, which adjusts for the impact of the sale of PointRoll last year within the Digital segment, the company's revenues were 8.7% higher.

On July 27th, 2016, research firm FBR Capital reiterated its 'Market Perform' rating on the Company's stock with a decrease of the target price from $25 a share to $24 a share. The complimentary report on TGNA can be downloaded at:


http://stock-callers.com/registration/?symbol=TGNA


Gray Television  

Atlanta, Georgia headquartered Gray Television Inc.'s stock ended the day 4.12% higher at $11.87 and with a total volume of 667,929 shares traded. The Company's shares have gained 3.31% in the last one month and 5.89% over the previous three months. The stock is trading 7.47% above its 50-day moving average. Additionally, shares of Gray Television, which owns and/or operates television stations and digital assets in the US, have an RSI of 62.29.

On August 4th, 2016, Gray Television reported that total revenue for the three months ended June 30th, 2016 was $196.6 million, which was the highest for any quarter in the company's history. Moreover, total revenue increased $53.2 million, or 37%, for Q2 2016 when compared to the three months ended June 30th, 2015. The company's net income was $17.7 million for Q2 2016, which was the highest for any Q2 in its history and a 46% increase from Q2 2015. Gray Television's record-setting performance in Q2 2016 resulted in basic net income per share of $0.25. Sign up for your complimentary report on GTN at:

http://stock-callers.com/registration/?symbol=GTN


Sinclair Broadcast Group  

Shares in Hunt Valley, Maryland headquartered Sinclair Broadcast Group Inc. recorded a trading volume of 596,978 shares and ended the session 1.43% higher at $29.75. The stock is trading below its 50-day moving average by 0.74%. Shares of the Company, which operates as a television broadcasting company in the US, have an RSI of 52.83.

On August 15th, 2016, Sinclair Broadcast Group announced that its wholly-owned subsidiary, Sinclair Television Group, Inc., has priced its previously announced private offering of senior unsecured notes due 2027. The aggregate principal amount of Notes in the offering was upsized from $350 million to $400 million. The Notes were priced at 100% of their par value and will bear interest at a rate of 5.125% per annum payable semi-annually on February 15th and August 15th, commencing February 15th, 2017. This private placement of Notes is conditioned on customary closing conditions and is expected to close on August 30th, 2016. The company noted that the net proceeds from the private placement of Notes will be used to redeem STG's $350.0 million aggregate principal amount 6.375% senior unsecured notes due 2021 at par plus a make-whole call premium of approximately $19.9 million, and for general corporate purposes. Download the research report for free on SBGI at:

http://stock-callers.com/registration/?symbol=SBGI

--

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SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

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SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

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This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

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SOURCE Chelmsford Park SA

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