Sectors & IndustriesCommunication ServicesBroadcasting

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.

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

Saga Communications (NASDAQ:SGA) is the top broadcasting stock with a Zen Score of 46, which is 26 points higher than the broadcasting industry average of 20. It passed 16 out of 38 due diligence checks and has strong fundamentals. Saga Communications has seen its stock return 5.45% over the past year, overperforming other broadcasting stocks by 33 percentage points.

Curiositystream (NASDAQ:CURI) is the second best broadcasting stock with a Zen Score of 29, which is 9 points higher than the broadcasting industry average of 20. It passed 11 out of 38 due diligence checks and has average fundamentals. Curiositystream has seen its stock return 7.77% over the past year, overperforming other broadcasting stocks by 35 percentage points.

Curiositystream has an average 1 year price target of $1.25, an upside of 12.61% from Curiositystream's current stock price of $1.11.

Curiositystream stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Curiositystream, 0% have issued a Strong Buy rating, 100% 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 third best broadcasting stock with a Zen Score of 26, which is 6 points higher than the broadcasting industry average of 20. It passed 8 out of 33 due diligence checks and has average fundamentals. Scienjoy Holding has seen its stock lose -79.21% over the past year, underperforming other broadcasting stocks by -52 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 15.38%, which is 9 percentage points higher than the broadcasting industry average of 6.43%. 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 248.4% indicates that its high dividend yield might not be sustainable for the long-term.

Gray Television (NYSE:GTN) has an annual dividend yield of 5.7%, which is -1 percentage points lower than the broadcasting industry average of 6.43%. 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 -23% indicates that its high dividend yield might not be sustainable for the long-term.

Tegna (NYSE:TGNA) has an annual dividend yield of 2.38%, which is -4 percentage points lower than the broadcasting industry average of 6.43%. 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 18.2% indicates that its dividend yield is sustainable for the long-term.

Broadcasting stocks were down -0.25% in the last day, and down -1.28% 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:

Cumulus Media (NASDAQ:CMLS) is the most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Cumulus Media has a valuation score of 43, which is 25 points higher than the broadcasting industry average of 18. It passed 3 out of 7 valuation due diligence checks.

Cumulus Media's stock has dropped -25.97% in the past year. It has overperformed other stocks in the broadcasting industry by 2 percentage points.

Saga Communications (NASDAQ:SGA) is the second most undervalued broadcasting stock based on WallStreetZen's Valuation Score. Saga Communications has a valuation score of 43, which is 25 points higher than the broadcasting industry average of 18. It passed 3 out of 7 valuation due diligence checks.

Saga Communications's stock has gained 5.45% in the past year. It has overperformed other stocks in the broadcasting industry by 33 percentage points.

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 25 points higher than the broadcasting industry average of 18. It passed 3 out of 7 valuation due diligence checks.

Ew Scripps Co's stock has dropped -55.95% in the past year. It has underperformed other stocks in the broadcasting industry by -28 percentage points.