Paul Korda . com - The Web Home of Paul Korda, singer, musician & song-writer.

International Entertainment News

Tuesday, August 16, 2016

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, 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:

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:


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:

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:

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:


Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles,
stock market blogs, and popular investment newsletters covering equities listed on NYSE
and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One
department produces non-sponsored analyst certified content generally in the form of press
releases, articles and reports covering equities listed on NYSE and NASDAQ and the other
produces sponsored content (in most cases not reviewed by a registered analyst), which
typically consists of compensated investment newsletters, articles and reports covering
listed stocks and micro-caps. Such sponsored content is outside the scope of procedures
detailed below. 

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


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 Rohit Tuli, a CFA(R)
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.  


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. 


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

For any questions, inquiries, or comments reach out to us directly. If you're a company
we are covering and wish to no longer feature on our coverage list contact us via
email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: 

Phone number:  +44 330 808 3765 
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2

CFA(R) and Chartered Financial Analyst(R) are registered trademarks owned by CFA

Chelmsford Park SA

CONTACT: Jacob Mario, + () 0203 38081504,

Profile: intent


Post a Comment

<< Home