最新ニュース Sinclair (NASDAQ:SBGI) 株価情報

Sinclair

Sinclair Broadcast Group

Sinclair Inc. is the owner-operator of the second largest portfolio of television stations in the United States, with 185 full power stations in 86 markets. Of the firm's roughly 600 channels, 150 are affiliated with the four national broadcasters-Fox, ABC, CBS, and NBC-with over 80 other channels aligned with The CW (Nexstar) and MyNetworkTV (Fox). Sinclair owns the Tennis Channel and stakes in Marquee Sports Network and YES Network, providing their content to pay-TV distributors.

Sinclair Inc

SINCLAIR CL A ORD

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58933b2043eaaa0001698f4c/eric-coldwell">Baird analyst Eric Coldwell</a> upgraded the rating for McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) from Neutral to Outperform and raised the price target from $531 to $688. McKesson shares closed at $549.31 on Wednesday. <a href="https://www.benzinga.com/quote/MCK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst Ric Prentiss upgraded United States Cellular Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USM#NYSE">USM</a>) from Market Perform to Outperform and announced a price target of $86. United States Cellular shares closed at $65.15 on Wednesday. <a href="https://www.benzinga.com/quote/USM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e00b6e13513fb0001f03e9b/kristen-kluska">Cantor Fitzgerald analyst Kristen Kluska</a> upgraded the rating for Sarepta Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) from Neutral to Overweight and boosted the price target from $152 to $167. Sarepta Therapeutics shares closed at $127.97 on Wednesday. <a href="https://www.benzinga.com/quote/SRPT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Alexei Gogolev upgraded Clearwater Analytics Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWAN#NYSE">CWAN</a>) from Neutral to Overweight and raised the price target from $23 to $33. Clearwater Analytics shares closed at $28.58 on Wednesday. <a href="https://www.benzinga.com/quote/CWAN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Steven Cahall upgraded the rating for Sinclair, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) from Underweight to Equal-Weight and increased the price target from $13 to $19. Sinclair shares closed at $17.41 on Wednesday. <a href="https://www.benzinga.com/quote/SBGI/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying MCK stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="562" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07075449/image-75-1024x562.png" alt="" class="wp-image-635130" style="width:629px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07075449/image-75-1024x562.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07075449/image-75-300x165.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07075449/image-75-768x421.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07075449/image-75.png 1216w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41776764/jim-cramer-this-financial-stock-is-a-buy-likes-broadcom"> </a>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41776764/jim-cramer-this-financial-stock-is-a-buy-likes-broadcom">Jim Cramer: This Financial Stock Is A Buy, Likes Broadcom</a></li>
</ul>

News

Upgrades

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

CWAN

SBGI

SRPT

This McKesson Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday

Wells Fargo analyst Steven Cahall upgrades Sinclair (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) from Underweight to Equal-Weight and raises the price target from $13 to $19.

Price Target

Wells Fargo Upgrades Sinclair to Equal-Weight, Raises Price Target to $19

Sinclair Broadcast Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) reported quarterly earnings of $1.43 per share which beat the analyst consensus estimate of $0.98 by 45.92 percent. This is a 293.24 percent increase over losses of $(0.74) per share from the same period last year. The company reported quarterly sales of $917.00 million which missed the analyst consensus estimate of $923.00 million by 0.65 percent. This is a 19.56 percent increase over sales of $767.00 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Sinclair Broadcast Group Q3 EPS $1.43 Beats $0.98 Estimate, Sales $917.00M Miss $923.00M Estimate

Sinclair (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) sees FY2024 sales of $3.548 billion-3.558 billion vs $3.54 billion estimate.

Guidance

Sinclair Sees FY2024 Sales $3.548B-3.558B vs $3.54B Est

Sinclair (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) sees Q4 sales of $1.004 billion-1.014 billion vs $1.04 billion estimate.

Sinclair Sees Q4 Sales $1.004B-1.014B vs $1.04B Est

VIZIO Users Now Have Access to NewsON's Comprehensive Local News Content
NewsON, the nation's premier streaming service for local news content, today announced their free streaming app is now available on VIZIO TVs.
VIZIO users can enjoy NewsON's ad-supported access to a comprehensive range of local news content at no cost, including live newscasts or catch up on other recent newscasts at their convenience, on-demand. The app experience offers over 285 trusted TV stations spanning 135+ markets, covering over 90% of the U.S. Additionally, 190+ local stations also offer FAST channels which are available for streaming on the NewsON app.

VZIO

Sinclair's NewsON App Launches On VIZIO Platform; VIZIO Users Now Have Access To NewsON's Comprehensive Local News Content

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Small Cap Consumer Research raised the price target for JAKKS Pacific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAKK#NASDAQ">JAKK</a>) from $24 to $30. Small Cap Consumer Research analyst Eric Beder maintained a Buy rating. JAKKS Pacific shares fell 1% to close at $25.88 on Friday. <a href="https://www.benzinga.com/quote/JAKK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen increased the price target for CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) from $115 to $130. TD Cowen analyst Andrew Charles maintained a Buy rating. CAVA shares gained 2.9% to close at $128.79 on Friday. <a href="https://www.benzinga.com/quote/cava/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc boosted CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) price target from $300 to $345. Keybanc analyst Jackson Ader maintained an Overweight rating. CrowdStrike shares gained 8.1% to close at $299.85 on Friday. <a href="https://www.benzinga.com/quote/crwd/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank raised The Bank of New York Mellon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) price target from $66 to $80. Deutsche Bank analyst Brian Bedell upgraded the stock from Hold to Buy. Bank of New York Mellon shares gained 0.1% to close at $71.82 on Friday. <a href="https://www.benzinga.com/quote/bk/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Benchmark raised Sinclair, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) price target from $29 to $30. Benchmark analyst Daniel Kurnos maintained a Buy rating. Sinclair shares gained 4.3% to close at $14.67 on Friday. <a href="https://www.benzinga.com/quote/sbgi/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler boosted the price target for Wix.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) from $184 to $200. Piper Sandler analyst Clarke Jeffries upgraded the stock from Neutral to Overweight. Wix.com fell 0.3% to close at $160.64 on Friday. <a href="https://www.benzinga.com/quote/wix/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird slashed Apellis Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLS#NASDAQ">APLS</a>) price target from $96 to $92. Baird analyst Colleen Kusy maintained an Outperform rating. Apellis Pharmaceuticals shares fell 11.5% to close at $32.51 on Friday. S<a href="https://www.benzinga.com/quote/apls/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>Deutsche Bank boosted the price target for PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) from $74 to $94. Deutsche Bank analyst Bryan Keane maintained a Buy rating. PayPal shares fell 1% to close at $76.76 on Friday. S<a href="https://www.benzinga.com/quote/pypl/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>Baird increased Fiserv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) price target from $186 to $200. Baird analyst David Koning maintained an Outperform rating. Fiserv shares fell 0.7% to close at $177.61 on Friday.<a href="https://www.benzinga.com/quote/FI/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Loop Capital slashed FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) price target from $317 to $288. Loop Capital analyst Rick Paterson maintained a Hold rating. FedEx shares dipped 15.2% to close at $254.64 on Friday. <a href="https://www.benzinga.com/quote/FDX/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying CRWD stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="513" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23081011/image-177-1024x513.png" alt="" class="wp-image-560927" style="width:635px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23081011/image-177-1024x513.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23081011/image-177-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23081011/image-177-768x385.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23081011/image-177.png 1347w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

APLS

CAVA

CRWD

JAKK

PYPL

CrowdStrike To Rally Over 15%? Here Are 10 Top Analyst Forecasts For Monday

Benchmark analyst Daniel Kurnos maintains Sinclair (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) with a Buy and raises the price target from $29 to $30.

Benchmark Maintains Buy on Sinclair, Raises Price Target to $30

Rosenblatt analyst Barton Crockett maintains Sinclair (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) with a Neutral and raises the price target from $16.4 to $16.5.

Rosenblatt Maintains Neutral on Sinclair, Raises Price Target to $16.5

U.S. stocks were lower, with the Dow Jones index falling around 200 points on Friday.
Shares of Constellation Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NYSE">CEG</a>) rose sharply during Friday's session after the company announced it signed a 20-year power purchase agreement with Microsoft that will help launch the Crance Clean Energy Center and restart<a href="https://www.benzinga.com/quote/CEG/news"> Three Mile Island Unit 1</a>.
Constellation Energy shares jumped 13.4% to $236.43 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) shares jumped 20.1% to $12.73.</li>
<li>Oklo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NASDAQ">OKLO</a>) gained 18.7% to $7.84.</li>
<li>Byrna Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#NASDAQ">BYRN</a>) gained 9.3% to $16.47.</li>
<li>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) gained 8.8% to $100.62.</li>
<li>Cameco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) shares rose 7.8% to $44.29.</li>
<li>Centrus Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEU#NYSE">LEU</a>) gained 7.5% to $44.56.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) climbed 7.5% to $10.33.</li>
<li>Murano Global Investments Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNO#NASDAQ">MRNO</a>) rose 7.1% to $8.41.</li>
<li>Scholar Rock Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRRK#NASDAQ">SRRK</a>) gained 6.9% to $9.10.</li>
<li>Sinclair, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) gained 6.5% to $14.98 as the company raised its third quarter and full-year 2024 political revenue estimates.</li>
<li>NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) gained 6.3% to $86.06 after the company announced Elliot Hill will take over as the new President and CEO. John Donahoe will retire from his position.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) rose 6.1% to $20.69. The Federal Trade Commission (FTC) recently slapped a fine on CEO Ryan Cohen.</li>
</ul>
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</ul>

Intraday Update

Movers

BYRN

MRNO

OKLO

SRRK

Constellation Energy, Nike, Sinclair And Other Big Stocks Moving Higher On Friday

Sinclair Updates Q3 Political Advertising Revenue Guidance From $113M-$128M To $140M-$145M; Now Sees Q3 Local Media Advertising Revenue $425M-$438M, Up From Prior Expectation Of $401M-$428M

General

Sinclair shares are trading higher following a report indiating Amazon is close to a deal to broadcast the Bally Sports broadcasts of NBA, MLB and NHL games on Prime streaming.

<a href="https://nypost.com/2024/09/05/business/amazon-nears-major-deal-to-broadcast-nba-mlb-and-nhl-games-sources/" title="https://nypost.com/2024/09/05/business/amazon-nears-major-deal-to-broadcast-nba-mlb-and-nhl-games-sources/">https://nypost.com/2024/09/05/business/amazon-nears-major-deal-to-broadcast-nba-mlb-and-nhl-games-sources/</a>

AMZN

"Amazon Nears Major Deal To Broadcast NBa, MLB And NHL Games On Prime Streaming; In Late-Stage Talks For A Contract To Livestream On Amazon Prime This Coming Season All The Bally Sports Broadcasts Of 13 NBA Franchises, As Well As 5 MLB Teams And 9 NHL Teams" - NY Post

Sinclair Broadcast Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) reported quarterly earnings of $0.27 per share which beat the analyst consensus estimate of $(0.13) by 307.69 percent. The company reported quarterly sales of $829.000 million which missed the analyst consensus estimate of $836.507 million by 0.90 percent. This is a 7.94 percent increase over sales of $768.000 million the same period last year.

Sinclair Broadcast Group Q2 2024 GAAP EPS $0.27 Beats $(0.13) Estimate, Sales $829.000M Miss $836.507M Estimate

WIIM

Sinclair shares are trading higher. The company reported Q2 financial results.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3 class="wp-block-heading">Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</h3>
<ul>
<li>Dividend Yield: 6.68%</li>
<li>TD Cowen analyst Dan Brennan maintained a Buy rating and raised the price target from $48 to $51 on July 27. This analyst has an accuracy rate of 71%.</li>
<li>Tigress Financial analyst Ivan Feinseth maintained a Buy rating and boosted the price target from $50 to $52 on May 17. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: On July 22, Verizon announced private exchange offers for 10 series of notes for up to $2.5 billion of new notes.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1"> latest VZ news</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href=" https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="902" height="817" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06043957/image-21.png" alt="" class="wp-image-478292" style="width:480px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06043957/image-21.png 902w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06043957/image-21-300x272.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06043957/image-21-768x696.png 768w" sizes="(max-width: 902px) 100vw, 902px" /></a></figure>
<h3 class="wp-block-heading">AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)</h3>
<ul>
<li>Dividend Yield: 5.87%</li>
<li>Scotiabank analyst Jeff Fan maintained a Sector Outperform rating and increased the price target from $23 to $24 on July 25. This analyst has an accuracy rate of 75%.</li>
<li>Oppenheimer analyst Timothy Horan maintained an Outperform rating and raised the price target from $21 to $23 on July 25. This analyst has an accuracy rate of 75%.</li>
<li>Recent News: On Aug. 5, NICE and AT&amp;T expanded collaboration to provide integrated solutions for emergency communications centers.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1">trend in AT&amp;T's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href=" https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="831" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044053/image-22.png" alt="" class="wp-image-478293" style="width:421px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044053/image-22.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044053/image-22-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044053/image-22-768x693.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
<h3 class="wp-block-heading">Sinclair, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>)</h3>
<ul>
<li>Dividend Yield: 7.96%</li>
<li>Guggenheim analyst Curry Bakermaintained a Buy rating and cut the price target from $30 to $20 on Nov. 3, 2023. This analyst has an accuracy rate of 65%.</li>
<li>Benchmark analyst Daniel Kurnos reiterated a Buy rating with a price target of $25 on Aug. 23, 2023. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On July 30, Sinclair named Dean Ditmer as Vice President/General Manager of KATU and KUNP in Portland, OR.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1">breakout in SBGI shares.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href=" https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="893" height="808" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044153/image-23.png" alt="" class="wp-image-478298" style="width:572px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044153/image-23.png 893w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044153/image-23-300x271.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/06044153/image-23-768x695.png 768w" sizes="(max-width: 893px) 100vw, 893px" /></a></figure>
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Long Ideas

Dividends

Wall Street's Most Accurate Analysts Say Buy These 3 Tech And Telecom Stocks With Over 5% Dividend Yields

ATNI

BHAT

BLMZ

CRTO

DJTWW

GROM

GXAI

ICLK

LSXMB

LUMN

NCMI

NFLX

NWSA

ONFO

PALT

RBLX

SATS

SIFY

SIRI

SNAL

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SOPA

SPOT

TGNA

TTWO

VSME

WLYB

YNDX

Shares of stocks in the broader communication services sector are trading lower as stocks sell off amid concerns over the US economy.

As polling and betting markets peg the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential race</a> between Kamala Harris and Donald Trump as a dead heat, billions will <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36853421/largest-pac-advertising-blitz-in-us-history-which-2024-presidential-candidate-companies-">likely be spent on advertising</a>.
<a href="https://www.bloomberg.com/news/articles/2024-07-30/trump-harris-ad-buys-focus-on-five-states-in-revamped-2024-race">According</a> to Bloomberg, Harris and Trump have collectively booked $122 million in advertising time through the end of August, with 98% of the spending focused on just five swing states:
<ul>
<li>Pennsylvania —&nbsp;19 electoral votes.</li>
<li>Michigan — 15 electoral votes.</li>
<li>Wisconsin — 10 electoral votes.</li>
<li>Georgia — 16 electoral votes.</li>
<li>Arizona — 11 electoral votes.</li>
</ul>
New <a href="https://www.benzinga.com/general/politics/24/07/39973800/trump-vs-harris-vice-president-gains-ground-lost-by-joe-biden-in-swing-states">swing state polling</a> shows Harris gaining major ground on Trump; the election is very much up in the air with just over three months to go.
Most of the $122 million in advertising will likely go to television commercials, the most popular networks include:
<ul>
<li>CBS, owned by Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>).</li>
<li>Fox and Fox News, owned by Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>).</li>
<li>ABC and ESPN, owned by Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>).</li>
<li>NBC and MSNBC, owned by Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>).</li>
<li>CNN and TBS, owned by Warner Bros Discovery Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>).</li>
</ul>
The following are the largest publicly traded local TV conglomerates:
<ul>
<li>Gray Television, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>)</li>
<li>Sinclair Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>)</li>
<li>Nexstar Media Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>)</li>
</ul>
The 2024 election is <a href="https://www.benzinga.com/markets/penny-stocks/23/09/34584125/political-ad-spending-in-2024-election-to-smash-records-projected-totals-stocks-to-watch">projected to eclipse $10 billion</a> in advertising, with $2.7 billion dedicated to the presidential race.
Social media advertising has also become more popular in recent years — according to a post on X, the Harris campaign spent $28.6 million on Facebook and Instagram, owned by Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), along with Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google and YouTube. Meanwhile, Trump spent $1.4 million.
Trump&#8217;s campaign has possibly instead turned digital advertising efforts to Elon Musk&#8216;s X. Musk endorsed Trump for president on July 13.
According to the FEC, the Biden (now Harris) campaign had over $95 million in cash on hand at the end of June. Trump had $128 million. Harris <a href="https://www.benzinga.com/news/24/07/40024472/kamala-harris-raises-200m-in-a-week-66-of-that-money-is-from-donors-reveals-campaign-manager-a-peopl">reportedly raised $200 million</a> shortly after entering the race in late July.
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</ul>
Photo: Shutterstock

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PARAA

Harris, Trump's $122M August Ad Blitz Targets 5 Swing States: Which Companies Will Benefit?

Media company Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) isn't ready to give up its highly coveted national <a href="https://www.benzinga.com/m-a/24/07/39900318/warner-bros-discoverys-tnt-sports-counters-amazon-with-1-9b-nba-broadcast-rights-bid-report">NBA TV rights yet.</a>
The media company matched a deal signed by Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), setting up a potential battle.
What Happened: The National Basketball Association announced The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) and Amazon signed deals <a href="https://www.benzinga.com/general/entertainment/24/07/39733479/nba-fans-rejoice-new-76b-deal-from-espn-amazon-nbc-will-bring-games-seven-days-a-week">worth a combined </a>$76 billion over 11 years recently.
As part of an existing contract with the NBA, Warner Bros. Discovery was able to match any of the new deals that begin in the 2025-2026 season.
"We have reviewed the offers and matched one of them," Warner Bros. Discovery unit TNT said in a statement. "This will allow fans to keep enjoying our unparalleled coverage."
The match is reported to be one signed by Amazon and could put the NBA in a tough position. The league could end up trying to reject the match from Warner Bros. as it looks to diversify with streaming partners and after seeing the success of Amazon's "Thursday Night Football." This could lead to legal action from Warner Bros.
NBA team owner Mark Cuban has offered a potential solution to the problem.
"My suggestion would be that they get Diamond local rights, and overlay the games on TBS for local broadcast," Cuban <a href="https://x.com/mcuban/status/1815562039106154721">said </a>in a reply to a tweet on the ball being in the NBA's court now on the offer match.
Cuban, who <a href="https://www.benzinga.com/general/sports/23/12/36402593/mark-cubans-slam-dunk-deal-mavericks-majority-stake-sale-clears-the-net-whats-the-next-play">maintains a minority stake</a> in the NBA's Dallas Mavericks after selling a majority stake to Miriam Adelson, said Warner could lease rights from Diamond on its NBA local rights and grab other regional rights as they expire and overlay the games on TBS for local broadcast.
"This way TBS has most of the USA covered with local games. Fans who have basic cable would get all their local games on a fully distributed network or on a local Bleacher Report stream."
Cuban's suggestion was met with skepticism from LightShed Partners analyst Rich Greenfield.
"Didn't WBD dissolve their three RSNs last year because they did not want to be in the local sports business," Greenfield asked.
Cuban told Greenfield that his idea isn't about RSNs, but rather "programming TBS with local sports."
"They may be able to get an additional carriage fee that would be far less than an RSN carriage ask as well," Cuban added.
Read Also: <a href="https://www.benzinga.com/general/sports-betting/24/07/39678086/bronny-james-to-win-nba-rookie-of-the-year-summer-league-debut-not-scaring-away-bettors-he">Bronny James To Win NBA Rookie Of The Year? Summer League Debut Not Scaring Away Bettors, Here&#8217;s How Much They Could Win</a>
Why It's Important: Cuban's suggestion could be a consideration by Warner Bros. and comes as Diamond Sports Group, which is partially owned by Sinclair Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>).
Diamond previously had deals with 15 NBA teams, 11 MLB teams and 11 NHL teams. Among NBA teams, Diamond has rights to the Atlanta Hawks, Charlotte Hornets, Cleveland Cavaliers, Dallas Mavericks, Detroit Pistons, Indiana Pacers, Los Angeles Clippers, Memphis Grizzlies, Miami Heat, Milwaukee Bucks, Minnesota Timberwolves, New Orleans Pelicans, Oklahoma City Thunder, Orlando Magic and San Antonio Spurs.
Coincidentally, Amazon <a href="https://www.benzinga.com/general/entertainment/24/01/36662662/amazon-scores-big-with-regional-sports-network-deal-prime-video-to-feature-mlb-nba-nhl-game">recently invested in </a>Diamond Sports Group and is set to be the primary partner for consumers to purchase streaming plans from. Amazon said it would announce details and pricing in the future.
Diamond Sports Group would likely relish the thought of being able to lease out its regional sports rights to Warner Bros.
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Image: Shutterstock

Sports

Could Warner Bros. Vs. Amazon Battle Be Brewing For NBA Rights? Mark Cuban Shares His Suggestion

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.
<h3 class="wp-block-heading">Sinclair, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>)</h3>
<ul>
<li>Dividend Yield: 7.51%</li>
<li>Wells Fargo analyst Steven Cahall maintained an Underweight rating and raised the price target from $12 to $13 on March 1. This analyst has an accuracy rate of 64%.</li>
<li>Rosenblatt analyst Barton Crockett maintained a Neutral rating and increased the price target from $10.4 to $15.7 on Jan. 18. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On June 24, Jerald &#8220;Jerry&#8221; Fritz, Executive Vice President for Strategic and Legal Affairs at ONE Media Technologies, LLC, a subsidiary of Sinclair, Inc., announced his retirement.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest Sinclair's news</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="674" height="719" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050536/Screenshot-2024-07-09-at-2.35.30-PM.png" alt="" class="wp-image-425769" style="width:448px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050536/Screenshot-2024-07-09-at-2.35.30-PM.png 674w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050536/Screenshot-2024-07-09-at-2.35.30-PM-281x300.png 281w" sizes="(max-width: 674px) 100vw, 674px" /></a></figure>
<h3 class="wp-block-heading">Gray Television, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>)</h3>
<ul>
<li>Dividend Yield: 6.96%</li>
<li>Benchmark analyst Daniel Kurnos maintained a Buy rating and raised the price target from $11 to $13 on May 8. This analyst has an accuracy rate of 72%.</li>
<li>Wells Fargo analyst Steven Cahall maintained an Underweight rating and increased the price target from $5.5 to $6 on May 8. This analyst has an accuracy rate of 64%.</li>
<li>Recent News: Gray Television said it will release its earnings results for the quarter ended, June 30, 2024 on Thursday, Aug. 8, 2024.</li>
<li>Benzinga Pro's charting tool helped <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1">identify the trend in GTN's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="683" height="755" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050616/Screenshot-2024-07-09-at-2.36.10-PM.png" alt="" class="wp-image-425770" style="width:403px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050616/Screenshot-2024-07-09-at-2.36.10-PM.png 683w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050616/Screenshot-2024-07-09-at-2.36.10-PM-271x300.png 271w" sizes="(max-width: 683px) 100vw, 683px" /></a></figure>
<h3 class="wp-block-heading">Cogent Communications Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>)</h3>
<ul>
<li>Dividend Yield: 6.83%</li>
<li>Keybanc analyst Josh Beck maintained an Overweight rating and cut the price target from $88 to $80 on May 10. This analyst has an accuracy rate of 76%.</li>
<li>B of A Securities analyst David Barden downgraded the stock from Buy to Neutral and slashed the price target from $85 to $75 on March 7. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: On May 9, Cogent Communications raised its quarterly dividend from 96.5 cents to 97.5 cents per share.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1">breakout in CCOI&#8217;s shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="664" height="700" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050807/Screenshot-2024-07-09-at-2.38.01-PM.png" alt="" class="wp-image-425776" style="width:439px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050807/Screenshot-2024-07-09-at-2.38.01-PM.png 664w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/09050807/Screenshot-2024-07-09-at-2.38.01-PM-285x300.png 285w" sizes="(max-width: 664px) 100vw, 664px" /></a></figure>
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</ul>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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CCOI

Wall Street's Most Accurate Analysts Weigh In On 3 Tech And Telecom Stocks With Over 6% Dividend Yields

Sinclair Broadcast GAAP EPS of $1.43 beats by $0.42, revenue of $917M misses by $7.56M

17:10 EST Sinclair Broadcast (SBGI) sees Q4 revenue $1.004B-$1.014B, consensus $1.04B Published first on TheFly – the ultimate source for real-time...

Sinclair Broadcast sees Q4 revenue $1.004B-$1.014B, consensus $1.04B

17:10 EST Sinclair Broadcast (SBGI) sees FY24 revenue $3.548B-$3.558B, consensus $3.54B Published first on TheFly – the ultimate source for real-ti...

Sinclair Broadcast sees FY24 revenue $3.548B-$3.558B, consensus $3.54B

Sinclair Broadcast declares $0.25 dividend

Sinclair, Inc. 2024 Q3 - Results - Earnings Call Presentation

Sinclair, Inc. (SBGI) Q3 2024 Earnings Call Transcript

Sinclair Broadcast Group ( ($SBGI) ) has released its Q3 earnings. Here is a breakdown of the information Sinclair Broadcast Group presented to its...

Sinclair Reports Strong Q3 Financial Performance

Wells Fargo upgraded Sinclair (SBGI) to Equal Weight from Underweight with a price target of $19, up from $13. The firm expects a Republican Federa...

Wells Fargo upgrades Sinclair on better regulatory environment

Wells Fargo upgraded Sinclair (SBGI) to Equal Weight from Underweight with a price target of $19, up from $13. Published first on TheFly – the ulti...

Sinclair upgraded to Equal Weight from Underweight at Wells Fargo

Benchmark Co. analyst Daniel Kurnos maintained a Buy rating on Sinclair Broadcast (SBGI – Research Report) today and set a price target of $30.00. ...

Benchmark Co. Remains a Buy on Sinclair Broadcast (SBGI)

Press Releases

Sinclair and Nebraska Public Media Announce Launch of First Station Offering Free Virtual Channel Hosting in ATSC 3.0

WBFF/FOX 45 Baltimore to Launch "Spotlight on Maryland" Investigative Journalism Unit Focused on Governmental Inefficiencies

Sinclair's EVP and Chief Financial Officer Lucy Rutishauser Appointed to the Business Advisory Council of the ATSC Board

Sinclair's ONE Media Technologies Names Matthew Goldman Vice President, Strategic and Technical Initiatives

Sinclair Cares: Hurricane Relief Initiative Raises Nearly $1.3 Million to Support Those Affected by Hurricane Helene and Hurricane Milton

Sinclair Continues to Expand Podcast Content Division, "Unfiltered Soccer with Landon Donovan and Tim Howard" to Launch on November 12

NewsON App Launches on VIZIO Platform

Tennis Channel to Unveil Direct-to-Consumer Streaming Platform November 12

Sinclair Reports Third Quarter 2024 Financial Results

Sinclair Declares $0.25 Per Share Quarterly Cash Dividend

AMC Networks

Beasley Broadcast Group, Inc. - Class A Common Stock

Beasley Broadcast Group

Cumulus Media Inc. - Class A Common Stock

Cumulus Media

Gray Television

Gray Television, Inc. CLass A Common Stock

iHeartMedia

Mediaco Holding Inc. - Class A Common Stock

MediaCo Holding

Nexstar Media Gr

Paramount Glb

Saga Communications, Inc. - Class A Common Stock

Saga Communications

E.W. Scripps Company (The) - Class A Common Stock

E W Scripps

Tegna

Townsquare Media, Inc. Class A Common Stock

Townsquare Media

Urban One

Wells Fargo

Benchmark

Rosenblatt

Guggenheim

Deutsche Bank

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