WallStreetZenWallStreetZen

Best Broadcasting Stocks to Buy Now (2022)
Top broadcasting stocks in 2022 ranked by overall Zen Score. See the best broadcasting stocks to buy now, according to analyst forecasts for the broadcasting industry.

Industry: Broadcasting
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
GSMG
GLORY STAR NEW MEDIA GROUP HOLDINGS LTD
NASDAQ
Broadcasting
$45.98M$0.68-3.57%$39.29M1.25x0.23
NXST
NEXSTAR MEDIA GROUP INC
NASDAQ
Broadcasting
$6.48B$160.43-8.51%$2.01B7.53x3.49
AMCX
AMC NETWORKS INC
NASDAQ
Broadcasting
$1.65B$38.51-4.23%$1.55B6.13x4.85
EVC
ENTRAVISION COMMUNICATIONS CORP
NYSE
Broadcasting
$406.81M$4.79-2.84%$73.26M16.52x2.42
FOXA
FOX CORP
NASDAQ
Broadcasting
$18.09B$32.49-4.97%$2.29B16.08x0.96
CMLS
CUMULUS MEDIA INC
NASDAQ
Broadcasting
$227.61M$10.99-11.73%$160.46M5.88x3.06
SJ
SCIENJOY HOLDING CORP
NASDAQ
Broadcasting
$60.15M$1.95-3.94%N/A2.38x0.35
IHRT
IHEARTMEDIA INC
NASDAQ
Broadcasting
$1.47B$10.31-12.18%$744.78M44.83x8.98
UONE
URBAN ONE INC
NASDAQ
Broadcasting
$520.40M$10.130.50%$208.88M9.47x3.68
SBGI
SINCLAIR BROADCAST GROUP INC
NASDAQ
Broadcasting
$1.55B$21.86-12.63%$5.62B0.72x7.55
SGA
SAGA COMMUNICATIONS INC
NASDAQ
Broadcasting
$137.39M$22.70-1.01%$22.01M11.82x0.24
GTN
GRAY TELEVISION INC
NYSE
Broadcasting
$1.82B$19.06-4.89%$687.00M29.32x4.81
TGNA
TEGNA INC
NYSE
Broadcasting
$4.72B$21.19-1.07%$952.46M9.46x1.61
TV
GRUPO TELEVISA SAB
NYSE
Broadcasting
$6.08B$9.23-0.75%$2.30B87.08x2.43
SSP
EW SCRIPPS CO
NASDAQ
Broadcasting
$1.24B$14.90-5.70%$474.71M14.33x2.30
AUD
AUDACY INC
NYSE
Broadcasting
$222.45M$1.55-4.32%$166.77M38.75x4.24
SIRI
SIRIUS XM HOLDINGS INC
NASDAQ
Broadcasting
$24.36B$6.19-0.64%$2.78B17.69x-3.83
NWSA
NEWS CORP
NASDAQ
Broadcasting
$9.69B$16.55-4.99%$1.38B19.47x0.95
BBGI
BEASLEY BROADCAST GROUP INC
NASDAQ
Broadcasting
$42.77M$1.46-2.09%$35.24M8.08x1.88
SALM
SALEM MEDIA GROUP INC
NASDAQ
Broadcasting
$70.76M$2.60-3.70%$78.79M1.65x1.91
FUBO
FUBOTV INC
NYSE
Broadcasting
$553.40M$2.99-7.43%-$399.04M-0.97x1.10
CSSE
CHICKEN SOUP FOR THE SOUL ENTERTAINMENT INC
NASDAQ
Broadcasting
$85.71M$5.80-3.17%-$51.53M-1.39x2.67
FWONA
LIBERTY MEDIA CORP
NASDAQ
Broadcasting
$18.27B$55.51-0.43%$2.74BN/A1.77
MDIA
MEDIACO HOLDING INC
NASDAQ
Broadcasting
$24.40M$2.851.42%$11.70M-2.08x-6.51

Broadcasting Stocks FAQ

What are the best broadcasting stocks to buy right now in May 2022?

According to Zen Score, the 3 best broadcasting stocks to buy right now are:

1. GLORY STAR NEW MEDIA GROUP HOLDINGS (NASDAQ:GSMG)


GLORY STAR NEW MEDIA GROUP HOLDINGS (NASDAQ:GSMG) is the top broadcasting stock with a Zen Score of 70, which is 27 points higher than the broadcasting industry average of 43. It passed 23 out of 33 due diligence checks and has strong fundamentals. GLORY STAR NEW MEDIA GROUP HOLDINGS has seen its stock lose -81.66% over the past year, underperforming other broadcasting stocks by -64 percentage points.

GLORY STAR NEW MEDIA GROUP HOLDINGS has an average 1 year price target of $7.50, an upside of 1,011.11% from GLORY STAR NEW MEDIA GROUP HOLDINGS's current stock price of $0.68.

GLORY STAR NEW MEDIA GROUP HOLDINGS stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering GLORY STAR NEW MEDIA GROUP HOLDINGS, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. AMC NETWORKS (NASDAQ:AMCX)


AMC NETWORKS (NASDAQ:AMCX) is the second best broadcasting stock with a Zen Score of 60, which is 17 points higher than the broadcasting industry average of 43. It passed 19 out of 33 due diligence checks and has strong fundamentals. AMC NETWORKS has seen its stock lose -23.62% over the past year, underperforming other broadcasting stocks by -6 percentage points.

AMC NETWORKS has an average 1 year price target of $36.50, a downside of -5.22% from AMC NETWORKS's current stock price of $38.51.

AMC NETWORKS stock has a consensus Sell recommendation according to Wall Street analysts. Of the 4 analysts covering AMC NETWORKS, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 50% have issued a Strong Sell.

3. NEXSTAR MEDIA GROUP (NASDAQ:NXST)


NEXSTAR MEDIA GROUP (NASDAQ:NXST) is the third best broadcasting stock with a Zen Score of 60, which is 17 points higher than the broadcasting industry average of 43. It passed 22 out of 38 due diligence checks and has strong fundamentals. NEXSTAR MEDIA GROUP has seen its stock return 5% over the past year, overperforming other broadcasting stocks by 22 percentage points.

NEXSTAR MEDIA GROUP has an average 1 year price target of $206.60, an upside of 28.78% from NEXSTAR MEDIA GROUP's current stock price of $160.43.

NEXSTAR MEDIA GROUP stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering NEXSTAR MEDIA GROUP, 80% have issued a Strong Buy rating, 0% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the broadcasting stocks with highest dividends?

Out of 10 broadcasting stocks that have issued dividends in the past year, the 3 broadcasting stocks with the highest dividend yields are:

1. SIRIUS XM HOLDINGS (NASDAQ:SIRI)


SIRIUS XM HOLDINGS (NASDAQ:SIRI) has an annual dividend yield of 5.34%, which is 3 percentage points higher than the broadcasting industry average of 2.54%. SIRIUS XM HOLDINGS's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. SIRIUS XM HOLDINGS's dividend has not shown consistent growth over the last 10 years.

SIRIUS XM HOLDINGS's dividend payout ratio of 92.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. SAGA COMMUNICATIONS (NASDAQ:SGA)


SAGA COMMUNICATIONS (NASDAQ:SGA) has an annual dividend yield of 5.02%, which is 2 percentage points higher than the broadcasting industry average of 2.54%. SAGA COMMUNICATIONS's dividend payout is not stable, having dropped more than 10% eight times in the last 10 years. SAGA COMMUNICATIONS's dividend has not shown consistent growth over the last 10 years.

SAGA COMMUNICATIONS's dividend payout ratio of 59.4% indicates that its high dividend yield is sustainable for the long-term.

3. SINCLAIR BROADCAST GROUP (NASDAQ:SBGI)


SINCLAIR BROADCAST GROUP (NASDAQ:SBGI) has an annual dividend yield of 3.89%, which is 1 percentage points higher than the broadcasting industry average of 2.54%. SINCLAIR BROADCAST GROUP's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. SINCLAIR BROADCAST GROUP's dividend has shown consistent growth over the last 10 years.

SINCLAIR BROADCAST GROUP's dividend payout ratio of 2.8% indicates that its dividend yield is sustainable for the long-term.

Why are broadcasting stocks down?

Broadcasting stocks were down -5.71% in the last day, and down -7.57% over the last week. SINCLAIR BROADCAST GROUP was the among the top losers in the broadcasting industry, dropping -12.63% yesterday.

Shares of several companies in the broader communications, media and entertainment industry are trading lower amid a continued selloff in stocks after Snap said the macro environment has deteriorated further and faster than anticipated. The sector has seen volatility due to broader market concerns around inflation and economic uncertainty.

What are the most undervalued broadcasting stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued broadcasting stocks right now are:

1. FOX (NASDAQ:FOXA)


FOX (NASDAQ:FOXA) is the most undervalued broadcasting stock based on WallStreetZen's Valuation Score. FOX has a valuation score of 100, which is 35 points higher than the broadcasting industry average of 65. It passed 7 out of 7 valuation due diligence checks.

FOX's stock has dropped -13.22% in the past year. It has overperformed other stocks in the broadcasting industry by 4 percentage points.

2. SCIENJOY HOLDING (NASDAQ:SJ)


SCIENJOY HOLDING (NASDAQ:SJ) is the second most undervalued broadcasting stock based on WallStreetZen's Valuation Score. SCIENJOY HOLDING has a valuation score of 100, which is 35 points higher than the broadcasting industry average of 65. It passed 7 out of 7 valuation due diligence checks.

SCIENJOY HOLDING's stock has dropped -72.95% in the past year. It has underperformed other stocks in the broadcasting industry by -56 percentage points.

3. CUMULUS MEDIA (NASDAQ:CMLS)


CUMULUS MEDIA (NASDAQ:CMLS) is the third most undervalued broadcasting stock based on WallStreetZen's Valuation Score. CUMULUS MEDIA has a valuation score of 100, which is 35 points higher than the broadcasting industry average of 65. It passed 7 out of 7 valuation due diligence checks.

CUMULUS MEDIA's stock has gained 0.37% in the past year. It has overperformed other stocks in the broadcasting industry by 18 percentage points.

Are broadcasting stocks a good buy now?

50% of broadcasting stocks rated by analysts are a strong buy right now. On average, analysts expect broadcasting stocks to rise by 45.22% over the next year.

What is the average p/e ratio of the broadcasting industry?

The average P/E ratio of the broadcasting industry is 17.43x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.