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Best Broadcasting Stocks to Buy Now (2023)

Top broadcasting stocks in 2023 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 42 points higher than the broadcasting industry average of 35. It passed 25 out of 33 due diligence checks and has strong fundamentals. Glory Star New Media Group Holdings has seen its stock return 17.59% over the past year, overperforming other broadcasting stocks by 24 percentage points.

Glory Star New Media Group Holdings has an average 1 year price target of $7.50, an upside of 490.55% from Glory Star New Media Group Holdings's current stock price of $1.27.

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.

Sinclair Broadcast Group (NASDAQ:SBGI) is the second best broadcasting stock with a Zen Score of 62, which is 27 points higher than the broadcasting industry average of 35. It passed 22 out of 38 due diligence checks and has strong fundamentals. Sinclair Broadcast Group has seen its stock lose -24% over the past year, underperforming other broadcasting stocks by -18 percentage points.

Sinclair Broadcast Group has an average 1 year price target of $27.00, an upside of 32.42% from Sinclair Broadcast Group's current stock price of $20.39.

Sinclair Broadcast Group stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Sinclair Broadcast Group, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 33.33% have issued a Strong Sell.

Amc Networks (NASDAQ:AMCX) is the third best broadcasting stock with a Zen Score of 48, which is 13 points higher than the broadcasting industry average of 35. It passed 15 out of 33 due diligence checks and has strong fundamentals. Amc Networks has seen its stock lose -53.72% over the past year, underperforming other broadcasting stocks by -47 percentage points.

Amc Networks has an average 1 year price target of $20.75, an upside of 17.17% from Amc Networks's current stock price of $17.71.

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.

Out of 9 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 19.89%, which is 16 percentage points higher than the broadcasting industry average of 4.23%. 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 230.3% indicates that its high dividend yield might not be sustainable for the long-term.

Sirius Xm Holdings (NASDAQ:SIRI) has an annual dividend yield of 6.17%, which is 2 percentage points higher than the broadcasting industry average of 4.23%. Sirius Xm Holdings's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Sirius Xm Holdings's dividend has shown consistent growth over the last 10 years.

Sirius Xm Holdings's dividend payout ratio of 116.6% 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 4.9%, which is 1 percentage points higher than the broadcasting industry average of 4.23%. Sinclair Broadcast Group's dividend payout is stable, having never dropped by more than 10% 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 2.7% indicates that its high dividend yield is sustainable for the long-term.

Broadcasting stocks were up 1.68% in the last day, and up 6.85% over the last week.

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

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

Cumulus Media (NASDAQ:CMLS) is the most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Cumulus Media has a valuation score of 100, which is 46 points higher than the broadcasting industry average of 54. It passed 7 out of 7 valuation due diligence checks.

Cumulus Media's stock has dropped -37.67% in the past year. It has underperformed other stocks in the broadcasting industry by -31 percentage points.

Amc Networks (NASDAQ:AMCX) is the second most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Amc Networks has a valuation score of 100, which is 46 points higher than the broadcasting industry average of 54. It passed 7 out of 7 valuation due diligence checks.

Amc Networks's stock has dropped -53.72% in the past year. It has underperformed other stocks in the broadcasting industry by -47 percentage points.

Glory Star New Media Group Holdings (NASDAQ:GSMG) is the third most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Glory Star New Media Group Holdings has a valuation score of 100, which is 46 points higher than the broadcasting industry average of 54. It passed 7 out of 7 valuation due diligence checks.

Glory Star New Media Group Holdings's stock has gained 17.59% in the past year. It has overperformed other stocks in the broadcasting industry by 24 percentage points.