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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.

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

Glory Star New Media Group Holdings (NASDAQ:GSMG) is the top broadcasting stock with a Zen Score of 77, which is 36 points higher than the broadcasting industry average of 41. It passed 25 out of 33 due diligence checks and has strong fundamentals. Glory Star New Media Group Holdings has seen its stock lose -5.7% over the past year, overperforming other broadcasting stocks by 16 percentage points.

Glory Star New Media Group Holdings has an average 1 year price target of $7.50, an upside of 403.36% from Glory Star New Media Group Holdings's current stock price of $1.49.

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.

Nexstar Media Group (NASDAQ:NXST) is the second best broadcasting stock with a Zen Score of 59, which is 18 points higher than the broadcasting industry average of 41. It passed 22 out of 38 due diligence checks and has strong fundamentals. Nexstar Media Group has seen its stock return 15.36% over the past year, overperforming other broadcasting stocks by 37 percentage points.

Nexstar Media Group has an average 1 year price target of $219.60, an upside of 24.63% from Nexstar Media Group's current stock price of $176.20.

Nexstar Media Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Nexstar Media Group, 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.

Amc Networks (NASDAQ:AMCX) is the third best broadcasting stock with a Zen Score of 55, which is 14 points higher than the broadcasting industry average of 41. It passed 17 out of 33 due diligence checks and has strong fundamentals. Amc Networks has seen its stock lose -52.4% over the past year, underperforming other broadcasting stocks by -31 percentage points.

Amc Networks has an average 1 year price target of $31.60, an upside of 46.91% from Amc Networks's current stock price of $21.51.

Amc Networks stock has a consensus Sell recommendation according to Wall Street analysts. Of the 5 analysts covering Amc Networks, 0% have issued a Strong Buy rating, 0% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 40% have issued a Strong Sell.

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

Saga Communications (NASDAQ:SGA) has an annual dividend yield of 13.86%, which is 10 percentage points higher than the broadcasting industry average of 3.74%. 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 shown consistent growth over the last 10 years.

Saga Communications's dividend payout ratio of 58.7% indicates that its high dividend yield is sustainable for the long-term.

Sirius Xm Holdings (NASDAQ:SIRI) has an annual dividend yield of 5.7%, which is 2 percentage points higher than the broadcasting industry average of 3.74%. 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 106.8% indicates that its high dividend yield might not be sustainable for the long-term.

Sinclair Broadcast Group (NASDAQ:SBGI) has an annual dividend yield of 4.99%, which is 1 percentage points higher than the broadcasting industry average of 3.74%. 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 not shown consistent growth over the last 10 years.

Sinclair Broadcast Group's dividend payout ratio of 2.6% indicates that its high dividend yield is sustainable for the long-term.

Broadcasting stocks were down -1.35% in the last day, and up 2.65% over the last week.

We couldn't find a catalyst for why broadcasting stocks are down.

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

Glory Star New Media Group Holdings (NASDAQ:GSMG) is the most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Glory Star New Media Group Holdings has a valuation score of 100, which is 39 points higher than the broadcasting industry average of 61. It passed 7 out of 7 valuation due diligence checks.

Glory Star New Media Group Holdings's stock has dropped -5.7% in the past year. It has overperformed other stocks in the broadcasting industry by 16 percentage points.

Cumulus Media (NASDAQ:CMLS) is the second most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Cumulus Media has a valuation score of 100, which is 39 points higher than the broadcasting industry average of 61. It passed 7 out of 7 valuation due diligence checks.

Cumulus Media's stock has dropped -46.07% in the past year. It has underperformed other stocks in the broadcasting industry by -25 percentage points.

Scienjoy Holding (NASDAQ:SJ) is the third most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Scienjoy Holding has a valuation score of 100, which is 39 points higher than the broadcasting industry average of 61. It passed 7 out of 7 valuation due diligence checks.

Scienjoy Holding's stock has dropped -63.03% in the past year. It has underperformed other stocks in the broadcasting industry by -41 percentage points.