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Best Broadcasting Stocks to Buy Now (2024)
Top broadcasting stocks in 2024 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
SGA
SAGA COMMUNICATIONS INC
NASDAQ
Broadcasting
$95.45M$15.240.86%$15.87M13.25x0.33
TGNA
TEGNA INC
NYSE
Broadcasting
$2.54B$14.951.70%$1.01B5.17x1.53
GTN
GRAY TELEVISION INC
NYSE
Broadcasting
$510.56M$5.150.78%$852.00M-46.82x3.92
FUBO
FUBOTV INC
NYSE
Broadcasting
$401.84M$1.345.51%-$202.42M-1.51x3.84
UONE
URBAN ONE INC
NASDAQ
Broadcasting
$90.40M$1.82-0.55%$144.08M7.00x2.92
CURI
CURIOSITYSTREAM INC
NASDAQ
Broadcasting
$65.39M$1.225.17%-$23.00M-1.40x0.41
SJ
SCIENJOY HOLDING CORP
NASDAQ
Broadcasting
$37.76M$0.92-2.95%N/A-12.78x0.20
CMLS
CUMULUS MEDIA INC
NASDAQ
Broadcasting
$35.29M$2.093.47%$31.64M-0.32x4.21
SSP
EW SCRIPPS CO
NASDAQ
Broadcasting
$259.59M$3.04-2.25%-$606.58M-0.26x3.59
LPTV
LOOP MEDIA INC
NYSEMKT
Broadcasting
$10.39M$0.155.80%-$21.67M-0.30x-2.21
IHRT
IHEARTMEDIA INC
NASDAQ
Broadcasting
$178.83M$1.24-0.40%-$243.05M-0.21x-17.67
BBGI
BEASLEY BROADCAST GROUP INC
NASDAQ
Broadcasting
$20.15M$0.668.32%-$60.09M-0.28x2.80
MDIA
MEDIACO HOLDING INC
NASDAQ
Broadcasting
$162.07M$3.47-2.25%-$6.89M-7.23x1.03

Broadcasting Stocks FAQ

What are the best broadcasting stocks to buy right now in Jul 2024?

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

1. Saga Communications (NASDAQ:SGA)


Saga Communications (NASDAQ:SGA) is the top broadcasting stock with a Zen Score of 61, which is 40 points higher than the broadcasting industry average of 21. It passed 22 out of 38 due diligence checks and has strong fundamentals. Saga Communications has seen its stock lose -27.77% over the past year, overperforming other broadcasting stocks by 10 percentage points.

2. Tegna (NYSE:TGNA)


Tegna (NYSE:TGNA) is the second best broadcasting stock with a Zen Score of 34, which is 13 points higher than the broadcasting industry average of 21. It passed 12 out of 38 due diligence checks and has average fundamentals. Tegna has seen its stock lose -8.45% over the past year, overperforming other broadcasting stocks by 30 percentage points.

Tegna has an average 1 year price target of $17.00, an upside of 13.71% from Tegna's current stock price of $14.95.

Tegna stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Tegna, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Gray Television (NYSE:GTN)


Gray Television (NYSE:GTN) is the third best broadcasting stock with a Zen Score of 24, which is 3 points higher than the broadcasting industry average of 21. It passed 8 out of 38 due diligence checks and has weak fundamentals. Gray Television has seen its stock lose -41.81% over the past year, underperforming other broadcasting stocks by -4 percentage points.

Gray Television has an average 1 year price target of $9.50, an upside of 84.47% from Gray Television's current stock price of $5.15.

Gray Television stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Gray Television, 50% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 50% have issued a Strong Sell.

What are the broadcasting stocks with highest dividends?

Out of 4 broadcasting stocks that have issued dividends in the past year, the 3 broadcasting stocks with the highest dividend yields are:

1. Saga Communications (NASDAQ:SGA)


Saga Communications (NASDAQ:SGA) has an annual dividend yield of 23.62%, which is 15 percentage points higher than the broadcasting industry average of 8.86%. Saga Communications's dividend payout is not stable, having dropped more than 10% ten 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 313% indicates that its high dividend yield might not be sustainable for the long-term.

2. Gray Television (NYSE:GTN)


Gray Television (NYSE:GTN) has an annual dividend yield of 6.21%, which is -3 percentage points lower than the broadcasting industry average of 8.86%. Gray Television's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Gray Television's dividend has not shown consistent growth over the last 10 years.

Gray Television's dividend payout ratio of -290.9% indicates that its high dividend yield might not be sustainable for the long-term.

3. Curiositystream (NASDAQ:CURI)


Curiositystream (NASDAQ:CURI) has an annual dividend yield of 4.1%, which is -5 percentage points lower than the broadcasting industry average of 8.86%.

Curiositystream's dividend payout ratio of -2.9% indicates that its dividend yield might not be sustainable for the long-term.

Why are broadcasting stocks up?

Broadcasting stocks were up 0.96% in the last day, and up 4.61% over the last week. Loop Media was the among the top gainers in the broadcasting industry, gaining 5.8% yesterday.

Loop Media shares are trading higher after the company announced the launch of free ad-supported streaming TV channels beginning this summer.

What are the most undervalued broadcasting stocks?

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

1. Saga Communications (NASDAQ:SGA)


Saga Communications (NASDAQ:SGA) is the most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Saga Communications has a valuation score of 100, which is 79 points higher than the broadcasting industry average of 21. It passed 7 out of 7 valuation due diligence checks.

Saga Communications's stock has dropped -27.77% in the past year. It has overperformed other stocks in the broadcasting industry by 10 percentage points.

2. Urban One (NASDAQ:UONE)


Urban One (NASDAQ:UONE) is the second most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Urban One has a valuation score of 43, which is 22 points higher than the broadcasting industry average of 21. It passed 3 out of 7 valuation due diligence checks.

Urban One's stock has dropped -69.57% in the past year. It has underperformed other stocks in the broadcasting industry by -31 percentage points.

3. Ew Scripps Co (NASDAQ:SSP)


Ew Scripps Co (NASDAQ:SSP) is the third most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Ew Scripps Co has a valuation score of 43, which is 22 points higher than the broadcasting industry average of 21. It passed 3 out of 7 valuation due diligence checks.

Ew Scripps Co's stock has dropped -68.63% in the past year. It has underperformed other stocks in the broadcasting industry by -31 percentage points.

Are broadcasting stocks a good buy now?

62.5% of broadcasting stocks rated by analysts are a buy right now. On average, analysts expect broadcasting stocks to rise by 73.41% 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 -2.58x.
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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.