Sinclair Broadcast Group Inc. (NASDAQ:SBGI) traded today at a new 52-week high of $37.51. This new high was reached on below average trading volume as 129,000 shares traded hands, while the average 30-day volume is approximately 866,000 shares.
There is potential upside of 0.5% for shares of Sinclair Broadcast Group Inc. based on a current price of $37.31 and an average consensus analyst price target of $37.50.
Sinclair Broadcast Group Inc. share prices have moved between a 52-week high of $37.51 and a 52-week low of $10.57 and are now trading 253% above that low price at $37.31 per share.
Sinclair Broadcast Group is the second-largest television station operator in the U.S., with 191 stations in 89 markets. Of the firm’s 607 channels, 154 are affiliated with the four national broadcasters–Fox (59), ABC (41), CBS (30), and NBC (24)–with another 86 channels on networks aligned with CBS (47 CW channels) and Fox (39 MyNetworkTV channels). Via the 2019 purchase of Fox Sports Networks from Disney, Sinclair is now the largest owner or operator of regional sports networks with 14 Fox-branded RSNs covering 42 NBA, MLB, and NHL teams along with the new home of the Chicago Cubs, Marquee Sports Network. The firm also owns the Tennis Channel, four multicast networks, and professional wresting promotion Ring of Honor.
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