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Analysts Offer Insights on Communication Services Companies: Sinclair Broadcast (SBGI) and IMAX (IMAX)

Tipranks - Tipranks - Thu Apr 16, 7:50AM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Sinclair Broadcast (SBGI) and IMAX (IMAX).

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Sinclair Broadcast (SBGI)

Deutsche Bank analyst Benjamin Soff maintained a Hold rating on Sinclair Broadcast today and set a price target of $17.00. The company’s shares closed last Tuesday at $15.56.

According to TipRanks.com, Soff is ranked #3658 out of 12179 analysts.

Sinclair Broadcast has an analyst consensus of Hold, with a price target consensus of $19.25, implying a 34.0% upside from current levels. In a report issued on April 1, TipRanks – xAI also reiterated a Hold rating on the stock with a $13.00 price target.

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IMAX (IMAX)

Rosenblatt Securities analyst Steve Frankel maintained a Buy rating on IMAX today and set a price target of $47.00. The company’s shares closed last Tuesday at $36.83.

Frankel has an average return of 14.6% when recommending IMAX. ;'>

According to TipRanks.com, Frankel is ranked #3457 out of 12179 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for IMAX with a $45.20 average price target, representing a 23.0% upside. In a report issued on April 8, Seaport Global also maintained a Buy rating on the stock with a $45.00 price target.

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