Gray Television Inc. (NYSE: GTN) stock closed at $7.10 on 11/2/23 after a major increase of 13.1%. The stock has risen 16.0% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
GTN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Gray Television has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Gray Television has a very high Appreciation Score of 99 but a very low Power Rating of 6, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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