| Stock | Price | 52 Week Range | Marketcap | EPS | Dividend Yield | Chart (24H) | Sector | Employees | Last Updated |
|---|---|---|---|---|---|---|---|---|---|
 Sinclair, Inc. SBGI | $13.78 | 915.95M | 4.69 | 7.26% | Communication Services | 7,300 | 20 hours ago | ||
 340188 BLC | $0.0000 | 0.0000 | 0.00 | 0.00% | 0 | 6 years ago | |||
| $153.42 | 4.68B | 21.41 | 4.84% | Communication Services | 11,877 | 20 hours ago |
The broadcast sector is buzzing, and savvy investors should prick up their ears. Why? Economic indicators are improving, and advertising dollars are set to surge. With consumer confidence peaking and the economy primed for a strong comeback, particularly in late 2013 and 2014, broadcast stocks are flashing bright ‘buy’ signals. Today, we’re dissecting three of the hottest stocks in this sector — Sinclair Broadcasting (SBGI), Belo Corp. (BLC), and Nexstar Broadcasting Group (NXST). These companies not only boast strong fundamentals but are also poised to reap immense benefits from the anticipated boom in advertiser expenditure. Let’s dive in.
Broadcast Stocks’ Signals Are Getting Stronger
Recent consumer confidence numbers surprised Wall Street, illuminating a brightening outlook for the economy. This newfound optimism is steadily becoming evident in sectors most wouldn’t immediately consider: broadcast companies. As businesses gear up for stronger consumer spending, advertisers are already ramping up their budgets. Increased spending for mid-term elections, the FIFA World Cup, and the Winter Olympics further bolsters the attraction of broadcast stocks. These events alone could mark 2014 as a banner year for the broadcast industry.
Editor's Note: Analysis and insight for this article were originally sourced from our friends at InvestorPlace
Sinclair Broadcasting (SBGI): Unleashing Aggressive Expansion
Sinclair Broadcasting is making all the right moves. One big step forward? Their acquisition of Fisher Communications, a deal that brings 20 television stations and three radio outlets in the Pacific Northwest under their wing. This aggressive expansion strategy showcases Sinclair’s confidence in the market recovery and its readiness to capitalize on the impending wave of advertiser dollars.
Year-to-Date Growth: Sinclair’s stock price has been nothing short of a rocket, doubling in value this year. This robust performance is backed by an ambitious expansion strategy, as evidenced by their integration of Fisher’s assets.
Top-Notch Rating: According to Portfolio Grader, Sinclair earns an “A” grade, making it a “strong buy.” This rating underscores the company’s excellent financial health and market potential.
Analyst Ratings and Forecasts:
| Metric | Value |
|---|---|
| Consensus Rating | Overweight |
| Average Price Target | $34.50 |
| Potential Gain | 24.1% |
| Number of Ratings | 7 |
Summary of Analysts’ Outlook:
Analysts have a positive outlook on SBGI, with a consensus rating of Overweight. The average price target of $34.50 suggests a potential gain of 24.1% from the current price. This indicates that analysts believe the stock has upside potential and expect it to outperform the market. [Sources: Yahoo Finance, TipRanks, MarketWatch]
Sinclair’s proactive approach enhances both its top- and bottom-line growth, making it a beacon for investors. The acquisition of Fisher Communications doesn’t just expand their reach; it opens up a treasure trove of revenue opportunities. Sinclair’s expansion strategy, coupled with its stellar performance metrics and high Portfolio Grader score, makes it a compelling pick for those eyeing robust growth.
Belo Corp. (BLC): Consistent Wins in the Broadcast Sector
When it comes to robust portfolios, Belo Corp. stands tall. Owning 20 TV stations and websites across 15 markets, along with three local channels and two regional news networks, Belo is a diversified giant in the broadcast space. Their extensive market coverage, which includes affiliations with all major networks, amplifies their appeal.
Consistency is Key: Belo has a history of surpassing Wall Street expectations, consistently performing well over the past four quarters. This track record speaks volumes of their operational efficiency and market prowess.
Strong Buy Signal: Recently upgraded to a “strong buy” by Portfolio Grader, Belo’s stock reflects the improving market expectations and strong results.
Analyst Ratings and Forecasts:
| Category | Rating/Value |
|---|---|
| Consensus Rating | Hold (3.5/5) |
| Average Price Target | $24.50 |
| Potential Gain | 10.3% |
| Number of Ratings | 4 |
Summary of Analysts’ Outlook:
Analysts have a neutral outlook on BLC, with a consensus rating of Hold. The average price target of $24.50 suggests a potential gain of 10.3% from the current price. While some analysts see opportunities for growth, others are cautious due to concerns about the bank’s exposure to emerging markets and potential regulatory hurdles. [Sources: Yahoo Finance, TipRanks, MarketWatch]
Belo’s authority in the broadcast sector is underscored by its vast portfolio and extensive reach, covering nearly 15% of the national TV market. The company’s unwavering performance and financial stability make it a pivotal player poised to leverage the influx of advertising dollars.
Nexstar Broadcasting Group (NXST): Positioned for Record Returns
Nexstar Broadcasting Group is no stranger to the spotlight. Operating or providing services to 72 stations across 18 markets, Nexstar boasts a significant market presence. Their latest strategic move? The acquisition of 19 more stations, further bolstering their market footprint and revenue potential.
Impressive Reach: Nexstar’s operations cover over 12% of the television broadcast audience, solidifying its stance as a major market player.
Record-Breaking Performance: The company’s knack for delivering record results has not gone unnoticed. Consistently rated highly by Portfolio Grader since early 2013, Nexstar is a “strong buy.”
Analyst Ratings and Forecasts:
| Metric | Value |
|---|---|
| Consensus Rating | Overweight |
| Average Price Target | $134.33 |
| Potential Gain | 24.1% |
| Number of Ratings | 7 |
Summary of Analysts’ Outlook:
Analysts are generally bullish on NXST, with a consensus overweight rating. The average price target suggests a potential gain of 24.1% from the current price. Analysts expect the company to benefit from its strong position in the broadcast television industry, as well as its growing digital media presence. [Sources: Yahoo Finance, TipRanks, Refinitiv]
Nexstar’s broad market coverage and strategic acquisitions place it in a prime position to benefit from rising advertiser spends. The company’s ability to deliver strong financial results consistently reinforces investor confidence. Nexstar’s expansive market coverage and strategic acquisitions put it in a prime position to benefit from the increased advertising expenditure. The company’s consistent financial performance and strong Portfolio Grader ratings highlight its potential as a solid growth investment.
Focusing on these dynamic broadcast companies—Sinclair Broadcasting, Belo Corp., and Nexstar Broadcasting Group—offers a gateway into a sector brimming with promise. As consumer confidence climbs and advertisers ramp up their spending, these stocks stand to benefit from the anticipated economic boost driven by global events and political campaigns. Keep your eyes on these players; they could very well be your ticket to impressive returns.
