Nexstar Broadcasting (NXST) Jumps: Stock Rises 7.9% - Tale of the Tape


Nexstar Broadcasting Group, Inc. ( NXST ) 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 its Earnings ESP is positive.

Investors interested in the TV/Radio broadcasting industry may consider better-ranked stocks like AMC Networks Inc. ( AMCX ), Entravision Communications Corp. ( EVC ) and Phoenix New Media Limited ( FENG ). All three stocks sport a Zacks Rank #2 (Buy).

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ENTRAVISION COM (EVC): Free Stock Analysis Report

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NEXSTAR BRDCSTG (NXST): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: AMCX , EVC , FENG , NXST

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