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Gray Television (GTN) Receives a Buy from Barrington

Tipranks - Tipranks - Wed Mar 4, 7:02AM CST

Barrington analyst Patrick Sholl reiterated a Buy rating on Gray Television today and set a price target of $6.50.

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Sholl covers the Communication Services sector, focusing on stocks such as Marcus, Quinstreet, and Clear Channel Outdoor. According to TipRanks, Sholl has an average return of 11.5% and a 55.86% success rate on recommended stocks.

In addition to Barrington, Gray Television also received a Buy from Benchmark Co.’s Daniel Kurnos in a report issued on February 27. However, yesterday, Wells Fargo maintained a Hold rating on Gray Television (NYSE: GTN).

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Based on Gray Television’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $792 million and a GAAP net loss of $10 million. In comparison, last year the company earned a revenue of $1.05 billion and had a net profit of $169 million

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