Sinclair Broadcast traded at $13.53 this Wednesday June 3rd, decreasing $0.46 or 3.29 percent since the previous trading session. Looking back, over the last four weeks, Sinclair lost 8.27 percent. Over the last 12 months, its price rose by 5.79 percent. Looking ahead, we forecast Sinclair Broadcast to be priced at 13.55 by the end of this quarter and at 12.76 in one year, according to Trading Economics global macro models projections and analysts expectations.
Sinclair Broadcast Group, Inc. is a diversified television media company. The Company operates two segments: broadcast and local sports. The broadcast segment consists of its television stations, which are owned and/or operated by its wholly owned subsidiary, Sinclair Television Group, Inc. (STG), and its direct and indirect subsidiaries. The local sports segment consists of its regional sports networks, which are owned and operated by its subsidiary, Diamond Sports Group, LLC (DSG), and its direct and indirect subsidiaries. It also owns networks, original content, digital and Internet services, technical services and non-media investments. The Company is focused on providing content on its local television stations, regional and national sports networks, and digital platforms.