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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:

Curiositystream (NASDAQ:CURI) is the top broadcasting stock with a Zen Score of 47, which is 18 points higher than the broadcasting industry average of 29. It passed 15 out of 33 due diligence checks and has strong fundamentals. Curiositystream has seen its stock lose -48.62% over the past year, underperforming other broadcasting stocks by -11 percentage points.

Curiositystream has an average 1 year price target of $2.75, an upside of 287.87% from Curiositystream's current stock price of $0.71.

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

Scienjoy Holding (NASDAQ:SJ) is the second best broadcasting stock with a Zen Score of 46, which is 17 points higher than the broadcasting industry average of 29. It passed 14 out of 33 due diligence checks and has strong fundamentals. Scienjoy Holding has seen its stock return 25% over the past year, overperforming other broadcasting stocks by 63 percentage points.

Tegna (NYSE:TGNA) is the third best broadcasting stock with a Zen Score of 40, which is 11 points higher than the broadcasting industry average of 29. It passed 15 out of 38 due diligence checks and has average fundamentals. Tegna has seen its stock lose -32.42% over the past year, overperforming other broadcasting stocks by 5 percentage points.

Tegna has an average 1 year price target of $20.50, an upside of 40.7% from Tegna's current stock price of $14.57.

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

Out of 3 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 12.81%, which is 6 percentage points higher than the broadcasting industry average of 6.73%. Saga Communications's dividend payout is not stable, having dropped more than 10% nine 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 359.7% indicates that its high dividend yield might not be sustainable for the long-term.

Gray Television (NYSE:GTN) has an annual dividend yield of 4.62%, which is -2 percentage points lower than the broadcasting industry average of 6.73%. 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 13.5% indicates that its dividend yield is sustainable for the long-term.

Tegna (NYSE:TGNA) has an annual dividend yield of 2.74%, which is -4 percentage points lower than the broadcasting industry average of 6.73%. Tegna's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Tegna's dividend has not shown consistent growth over the last 10 years.

Tegna's dividend payout ratio of 12.6% indicates that its dividend yield is sustainable for the long-term.

Broadcasting stocks were up 0.41% in the last day, and down -1.04% 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:

Scienjoy Holding (NASDAQ:SJ) is the most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Scienjoy Holding has a valuation score of 86, which is 48 points higher than the broadcasting industry average of 38. It passed 6 out of 7 valuation due diligence checks.

Scienjoy Holding's stock has gained 25% in the past year. It has overperformed other stocks in the broadcasting industry by 63 percentage points.

Mediaco Holding (NASDAQ:MDIA) is the second most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Mediaco Holding has a valuation score of 71, which is 33 points higher than the broadcasting industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Mediaco Holding's stock has dropped -59.42% in the past year. It has underperformed other stocks in the broadcasting industry by -22 percentage points.

Urban One (NASDAQ:UONE) is the third most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Urban One has a valuation score of 57, which is 19 points higher than the broadcasting industry average of 38. It passed 4 out of 7 valuation due diligence checks.

Urban One's stock has dropped -6.52% in the past year. It has overperformed other stocks in the broadcasting industry by 31 percentage points.