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

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

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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