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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
OverviewZen ScorePriceValuationFinancialsForecast
Earnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
SGA
SAGA COMMUNICATIONS INC
$130.46M$20.83N/AN/AN/AN/A4.43%N/AN/AN/A
TGNA
TEGNA INC
$2.59B$15.25$17.0011.48%Buy32.58%N/AN/AN/A
GTN
GRAY TELEVISION INC
$680.08M$6.86$9.5038.48%Hold24.57%N/AN/AN/A
UONE
URBAN ONE INC
$100.69M$2.06N/AN/AN/AN/AN/AN/AN/AN/A
FUBO
FUBOTV INC
$383.85M$1.28$2.98133.05%Buy611.64%N/AN/AN/A
CURI
CURIOSITYSTREAM INC
$62.71M$1.17$1.3515.38%Buy15.65%N/AN/AN/A
SJ
SCIENJOY HOLDING CORP
$39.27M$0.96N/AN/AN/AN/AN/AN/AN/AN/A
CMLS
CUMULUS MEDIA INC
$45.09M$2.67$8.00199.63%Buy11.00%N/AN/AN/A
SSP
EW SCRIPPS CO
$307.83M$3.61$7.0094.17%Hold1N/AN/AN/AN/A
LPTV
LOOP MEDIA INC
$15.66M$0.22$1.50581.82%Strong Buy1N/AN/AN/AN/A
IHRT
IHEARTMEDIA INC
$188.24M$1.30$3.50169.23%Buy21.93%N/AN/AN/A
BBGI
BEASLEY BROADCAST GROUP INC
$20.91M$0.69N/AN/AN/AN/A1.94%N/AN/AN/A
MDIA
MEDIACO HOLDING INC
$46.03M$1.77N/AN/AN/AN/AN/AN/AN/AN/A
1

Broadcasting Stocks FAQ

What are the best broadcasting stocks to buy right now in May 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 42, which is 22 points higher than the broadcasting industry average of 20. It passed 14 out of 38 due diligence checks and has strong fundamentals. Saga Communications has seen its stock lose -1.79% over the past year, overperforming other broadcasting stocks by 23 percentage points.

2. Tegna (NYSE:TGNA)


Tegna (NYSE:TGNA) is the second best broadcasting stock with a Zen Score of 35, which is 15 points higher than the broadcasting industry average of 20. It passed 12 out of 38 due diligence checks and has average fundamentals. Tegna has seen its stock lose -3.54% over the past year, overperforming other broadcasting stocks by 21 percentage points.

Tegna has an average 1 year price target of $17.00, an upside of 11.48% from Tegna's current stock price of $15.25.

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 4 points higher than the broadcasting industry average of 20. It passed 8 out of 38 due diligence checks and has weak fundamentals. Gray Television has seen its stock return 0.29% over the past year, overperforming other broadcasting stocks by 25 percentage points.

Gray Television has an average 1 year price target of $9.50, an upside of 38.48% from Gray Television's current stock price of $6.86.

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 17.28%, which is 11 percentage points higher than the broadcasting industry average of 6.55%. 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 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 4.66%, which is -2 percentage points lower than the broadcasting industry average of 6.55%. 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 2.14%, which is -4 percentage points lower than the broadcasting industry average of 6.55%.

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 down?

Broadcasting stocks were down -3.28% in the last day, and down -4.89% over the last week. Ew Scripps Co was the among the top losers in the broadcasting industry, dropping -21.97% yesterday.

Scripps shares are trading lower, reversing after gaining after hours Thursday on strong guidance.

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 57, which is 37 points higher than the broadcasting industry average of 20. It passed 4 out of 7 valuation due diligence checks.

Saga Communications's stock has dropped -1.79% in the past year. It has overperformed other stocks in the broadcasting industry by 23 percentage points.

2. Tegna (NYSE:TGNA)


Tegna (NYSE:TGNA) is the second most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Tegna has a valuation score of 57, which is 37 points higher than the broadcasting industry average of 20. It passed 4 out of 7 valuation due diligence checks.

Tegna's stock has dropped -3.54% in the past year. It has overperformed other stocks in the broadcasting industry by 21 percentage points.

3. Urban One (NASDAQ:UONE)


Urban One (NASDAQ:UONE) is the third most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Urban One has a valuation score of 43, which is 23 points higher than the broadcasting industry average of 20. It passed 3 out of 7 valuation due diligence checks.

Urban One's stock has dropped -71.78% in the past year. It has underperformed other stocks in the broadcasting industry by -47 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 57.11% 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 -5.89x.
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