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Best Broadcasting Stocks to Buy Now (2024)

Top broadcasting stocks in 2024 ranked by overall Due Diligence Score. See the best broadcasting stocks to buy now, according to analyst forecasts for the broadcasting industry.

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

Gray Television (NYSE:GTN) is the top broadcasting stock with a Due Diligence Score of 49, which is 29 points higher than the broadcasting industry average of 20. It passed 17 out of 38 due diligence checks and has strong fundamentals. Gray Television has seen its stock lose -51.1% over the past year, underperforming other broadcasting stocks by -15 percentage points.

Gray Television has an average 1 year price target of $6.67, an upside of 67.09% from Gray Television's current stock price of $3.99.

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

Saga Communications (NASDAQ:SGA) is the second best broadcasting stock with a Due Diligence Score of 30, which is 10 points higher than the broadcasting industry average of 20. It passed 10 out of 38 due diligence checks and has average fundamentals. Saga Communications has seen its stock lose -48.8% over the past year, underperforming other broadcasting stocks by -13 percentage points.

Scienjoy Holding (NASDAQ:SJ) is the third best broadcasting stock with a Due Diligence Score of 30, which is 10 points higher than the broadcasting industry average of 20. It passed 9 out of 33 due diligence checks and has average fundamentals. Scienjoy Holding has seen its stock lose -63.37% over the past year, underperforming other broadcasting stocks by -28 percentage points.

Out of 4 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 30.2%, which is 19 percentage points higher than the broadcasting industry average of 11.21%. 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 not shown consistent growth over the last 10 years.

Saga Communications's dividend payout ratio of 480% indicates that its high dividend yield might not be sustainable for the long-term.

Gray Television (NYSE:GTN) has an annual dividend yield of 8.02%, which is -3 percentage points lower than the broadcasting industry average of 11.21%. 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 21.1% indicates that its high dividend yield is sustainable for the long-term.

Curiositystream (NASDAQ:CURI) has an annual dividend yield of 4.69%, which is -7 percentage points lower than the broadcasting industry average of 11.21%.

Curiositystream's dividend payout ratio of -26.8% indicates that its high dividend yield might not be sustainable for the long-term.

Broadcasting stocks were down -1.36% in the last day, and up 0.12% 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:

Gray Television (NYSE:GTN) is the most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Gray Television has a valuation score of 71, which is 53 points higher than the broadcasting industry average of 18. It passed 5 out of 7 valuation due diligence checks.

Gray Television's stock has dropped -51.1% in the past year. It has underperformed other stocks in the broadcasting industry by -15 percentage points.

Beasley Broadcast Group (NASDAQ:BBGI) is the second most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Beasley Broadcast Group has a valuation score of 29, which is 11 points higher than the broadcasting industry average of 18. It passed 2 out of 7 valuation due diligence checks.

Beasley Broadcast Group's stock has dropped -39.35% in the past year. It has underperformed other stocks in the broadcasting industry by -4 percentage points.

Saga Communications (NASDAQ:SGA) is the third most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Saga Communications has a valuation score of 29, which is 11 points higher than the broadcasting industry average of 18. It passed 2 out of 7 valuation due diligence checks.

Saga Communications's stock has dropped -48.8% in the past year. It has underperformed other stocks in the broadcasting industry by -13 percentage points.