Deutsche Bank Maintains Hold Rating on Sinclair Broadcast Group, Stock
April 26, 2023
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On April 18, 2023, Deutsche Bank maintained its Hold rating on the stock of Sinclair Broadcast ($NASDAQ:SBGI) Group, Inc. This information was disclosed by Fintel. Sinclair Broadcast Group, Inc. (SBGI) is an American telecommunications company that owns and operates television and radio stations in the United States. It is one of the largest television station operators in the country. The company also produces and distributes news and sports content to various television and radio outlets.
Market Price
At the opening bell, SINCLAIR BROADCAST stock opened at $20.3 and closed at $20.9, representing an increase of 1.7% from its previous closing price of 20.5. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sinclair Broadcast. More…
| Total Revenues | Net Income | Net Margin |
| 3.93k | 2.65k | 2.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sinclair Broadcast. More…
| Operations | Investing | Financing |
| 799 | -381 | -353 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sinclair Broadcast. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.7k | 6.02k | 10.74 |
Key Ratios Snapshot
Some of the financial key ratios for Sinclair Broadcast are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.5% | 13.9% | 99.5% |
| FCF Margin | ROE | ROA |
| 17.7% | 336.1% | 36.5% |
Analysis
At GoodWhale, we have analyzed SINCLAIR BROADCAST‘s wellbeing, and we have come to the conclusion that it is a high-risk investment from both a financial and business standpoint. Our Risk Rating system has detected four risk warnings in the income sheet, balance sheet, cashflow statement, and financial journal. If you are interested in learning more about the risks associated with investing in SINCLAIR BROADCAST, please register with us today and we can provide further details. More…
Peers
Sinclair Broadcast Group Inc is a broadcasting company that owns, operates, and/or provides services to television stations in the United States. The company was founded in 1986 and is headquartered in Hunt Valley, Maryland. As of 2018, Sinclair Broadcast Group Inc owned or operated a total of 193 television stations across the United States.
Nexstar Media Group Inc is a broadcasting company that owns, operates, and/or provides services to television and radio stations in the United States. The company was founded in 1996 and is headquartered in Irving, Texas. As of 2018, Nexstar Media Group Inc owned, operated, and/or provided services to 171 television stations across the United States.
Fox Corp is a holding company that operates through its subsidiaries in the broadcasting, cable television, direct broadcast satellite, pay television, film entertainment, television production, and publishing industries. The company was founded in 1986 and is headquartered in New York City, New York. As of 2018, Fox Corp owned and operated a total of 28 television stations across the United States.
Sky Network Television Ltd is a New Zealand-based pay television and broadband internet provider. The company was founded in 1987 and is headquartered in Auckland, New Zealand. As of 2018, Sky Network Television Ltd operated a total of 100 television channels and served approximately 1.8 million customers in New Zealand.
– Nexstar Media Group Inc ($NASDAQ:NXST)
Nexstar Media Group Inc is a publicly traded company with a market capitalization of 7.17 billion as of March 2022. The company has a return on equity of 39.12%. Nexstar Media Group Inc is engaged in the business of television broadcasting and related digital media operations in the United States. The company owns, operates or provides sales and other services to television stations and related digital media properties.
– Fox Corp ($NASDAQ:FOXA)
Fox Corp is a publicly traded company with a market capitalization of 15.64 billion as of 2022. The company’s return on equity, a measure of profitability, was 11.49% in the same year. Fox Corp is engaged in the business of cable television programming and broadcasting, motion picture production and distribution, television production and distribution, and other media businesses.
– Sky Network Television Ltd ($NZSE:SKT)
Sky Network Television Ltd is a New Zealand pay television and internet service provider. It provides digital television and movies, as well as broadband internet to residential and commercial customers in New Zealand. Sky Network Television Ltd has a market cap of 380.82M as of 2022, a Return on Equity of 11.21%. The company offers a wide range of programming, including sport, movies, and entertainment. Sky Network Television Ltd also provides broadband internet and telephone services to residential and business customers in New Zealand.
Summary
Investing analysis for Sinclair Broadcast Group, Inc. (SBGI) is largely positive and has been since its April 18th, 2023 coverage initiation by Deutsche Bank. They maintain a “Hold” rating and point to the company’s strong revenue growth as well as its ability to remain competitive in the broadcasting industry. Overall, analysts believe that Sinclair Broadcast Group is a good long-term investment, with a potential upside potential in the near term.
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