Nexstar Broadcasting Group (NASDAQ: NXST) was downgraded by equities researchers at Evercore Partners from an “overweight” rating to an “equal weight” rating in a research report issued on Thursday, AnalystRatingsNetwork reports.
Shares of Nexstar Broadcasting Group (NASDAQ: NXST) opened at 37.32 on Thursday. Nexstar Broadcasting Group has a one year low of $6.20 and a one year high of $39.75. The stock’s 50-day moving average is currently $32.94. The company has a market cap of $1.096 billion and a P/E ratio of 6.39.
Nexstar Broadcasting Group (NASDAQ: NXST) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.12 by $0.10. The company had revenue of $112.21 million for the quarter, compared to the consensus estimate of $109.81 million. Analysts expect that Nexstar Broadcasting Group will post $1.12 EPS for the current fiscal year.
A number of other firms have also recently commented on NXST. Analysts at Zacks upgraded shares of Nexstar Broadcasting Group from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $40.30 price target on the stock. Separately, analysts at UBS AG set a $39.00 price target on shares of Nexstar Broadcasting Group in a research note to investors on Tuesday, July 2nd. Finally, analysts at Benchmark Co. raised their price target on shares of Nexstar Broadcasting Group from $21.00 to $39.00 in a research note to investors on Wednesday, June 26th. They now have a “buy” rating on the stock.
Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Nexstar Broadcasting Group currently has an average rating of “Buy” and an average target price of $40.08.
Nexstar Broadcasting, Inc (NASDAQ: NXST) is a television broadcasting and digital media company focused on the acquisition, development and operation of television (TV) stations and interactive community Websites in the United States.
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