Gray Television (GTN) Stock

Gray Television (GTN) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

ATLANTA, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE: GTN) today announced that its Board of Directors has unanimously voted to change the company's name to Gray Media, Inc. effective as of 12:01 a.m. on January 1, 2025. The Board's action aligns the company's formal name with the widespread practice over the past few years of referring to the company as “Gray Media” or simply “Gray” both internally and externally.

Zacks.com users have recently been watching Gray Television (GTN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Partnership also includes 10 spring training games airing only on Gray TV plus opportunity to create additional Braves content for fans throughout Braves Country. Braves significantly increase fans' options to watch the selected games and other Braves-related content Partnership also includes 10 spring training games airing only on Gray TV plus opportunity to create additional Braves content for fans throughout Braves Country. Braves significantly increase fans' options to watch the selected games and other Braves-related content

ATLANTA, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “Gray Media,” the “Company,” “we,” “us” or “our”) (NYSE: GTN) has completed a series of transactions that collectively reduced the Company's principal amount of debt outstanding by $278 million since October 1, 2024, bringing the Company's total principal debt reduction to $519 million since January 1, 2024.  Accordingly, our Board of Directors today has authorized an increase in our previously announced debt repurchase authorization, replenishing the authorization to a total of $250 million of available liquidity to repurchase our outstanding indebtedness.  We anticipate that the meaningful reduction in our outstanding debt this year will result in a significant reduction of cash interest expense going forward.

Recently, Zacks.com users have been paying close attention to Gray Television (GTN). This makes it worthwhile to examine what the stock has in store.

Gray Television (GTN) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to loss of $0.57 per share a year ago.

ATLANTA, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “Gray Media,” “we,” “us” or “our”) (NYSE: GTN) today announced a strong third quarter ended September 30, 2024. Gray also projected full-year 2024 political advertising revenue of $500 million, as well as full-year 2024 Net Debt reduction of $500 million.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?