Nexstar Broadcasting Group, Inc.
) was a big mover last session with shares rising nearly 8% on
the day. The move came on solid volume too with far more shares
changing hands than in a normal session. This breaks the recent
trend of the company as the stock is now trading above the past
one month's volatile price range of $33.15 to $39.77.
This television broadcasting and digital media company has seen
no estimate revisions in the last 7 days. The Zacks Consensus
Estimate hasn't been in trend either. Yesterday's rally is
encouraging though, so make sure to keep a close watch on this
firm in the near future.
Nexstar Broadcasting currently holds a Zacks Rank #3 (Hold) while
Investors interested in the TV/Radio broadcasting industry may
consider better-ranked stocks like
AMC Networks Inc.
Entravision Communications Corp.
Phoenix New Media Limited
). All three stocks sport a Zacks Rank #2 (Buy).
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