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GTN logo GTN
Upturn stock rating
GTN logo

Gray Television Inc (GTN)

Upturn stock rating
$4.75
Last Close (24-hour delay)
Profit since last BUY-19.66%
upturn advisory
SELL
SELL since 4 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
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Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

10/15/2025: GTN (1-star) is a SELL. SELL since 4 days. Simulated Profits (-19.66%). Updated daily EoD!

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

6 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $6.08

1 Year Target Price $6.08

Analysts Price Target For last 52 week
$6.08 Target price
52w Low $2.76
Current$4.75
52w High $6.22

Analysis of Past Performance

Type Stock
Historic Profit -74.08%
Avg. Invested days 25
Today’s Advisory SELL
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/15/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 522.46M USD
Price to earnings Ratio 3.02
1Y Target Price 6.08
Price to earnings Ratio 3.02
1Y Target Price 6.08
Volume (30-day avg) 6
Beta 1.19
52 Weeks Range 2.76 - 6.22
Updated Date 10/16/2025
52 Weeks Range 2.76 - 6.22
Updated Date 10/16/2025
Dividends yield (FY) 6.74%
Basic EPS (TTM) 1.53

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 5.64%
Operating Margin (TTM) 13.47%

Management Effectiveness

Return on Assets (TTM) 4.72%
Return on Equity (TTM) 7.23%

Valuation

Trailing PE 3.02
Forward PE 2.32
Enterprise Value 6733239553
Price to Sales(TTM) 0.15
Enterprise Value 6733239553
Price to Sales(TTM) 0.15
Enterprise Value to Revenue 1.9
Enterprise Value to EBITDA 6.38
Shares Outstanding 92500245
Shares Floating 82148411
Shares Outstanding 92500245
Shares Floating 82148411
Percent Insiders 7.23
Percent Institutions 79.27

ai summary icon Upturn AI SWOT

Gray Television Inc

stock logo

Company Overview

overview logo History and Background

Gray Television was founded in 1946 as a single television station in Albany, Georgia. Over the years, it expanded through acquisitions to become one of the largest television broadcast companies in the United States.

business area logo Core Business Areas

  • Television Broadcasting: Owns and operates television stations, providing programming and advertising services.

leadership logo Leadership and Structure

Hilton H. Howell, Jr. serves as the Executive Chairman & CEO. The organizational structure includes various departments responsible for station operations, sales, programming, and corporate functions.

Top Products and Market Share

overview logo Key Offerings

  • Television Advertising: Sells advertising time on its television stations. Market share varies by local market. Competitors include other local TV stations (Nexstar, Sinclair), cable providers (Comcast, Charter), and digital advertising platforms (Google, Facebook).
  • Re-transmission Consent Fees: Negotiates fees with cable and satellite providers for the right to retransmit Gray's broadcast signals. Competitors are other local content providers and national networks.

Market Dynamics

industry overview logo Industry Overview

The television broadcasting industry is facing challenges from cord-cutting and the rise of streaming services, but local news and sports remain strong draws.

Positioning

Gray Television focuses on owning and operating stations in mid-sized and smaller markets, often with a strong emphasis on local news and community involvement. This focus on local news provides a competitive advantage.

Total Addressable Market (TAM)

The total advertising market in the US is hundreds of billions of dollars. Gray's positioning allows it to capture a portion of this by focusing on local advertising revenue streams.

Upturn SWOT Analysis

Strengths

  • Extensive Network of Local TV Stations
  • Focus on Local News and Community Programming
  • Strong Relationships with Affiliates (e.g., NBC, CBS, ABC)
  • Experienced Management Team

Weaknesses

  • Dependence on Advertising Revenue
  • Vulnerability to Cord-Cutting Trends
  • High Debt Levels from Acquisitions
  • Susceptible to economic downturns

Opportunities

  • Expansion of Digital Offerings
  • Growth in Re-transmission Consent Fees
  • Acquisition of Additional TV Stations
  • Increased Demand for Local Content

Threats

  • Continued Cord-Cutting
  • Competition from Streaming Services
  • Decline in Advertising Rates
  • Changes in FCC Regulations

Competitors and Market Share

competitor logo Key Competitors

  • NXST
  • SBGI
  • TEGNA

Competitive Landscape

Gray Television competes effectively by focusing on local news and smaller markets, but faces competition from larger national broadcast companies and digital platforms. The company is constantly looking for new avenues to grow its revenue streams.

Major Acquisitions

Quincy Media

  • Year: 2021
  • Acquisition Price (USD millions): 925
  • Strategic Rationale: Expanded Gray's footprint and added stations in attractive markets.

Growth Trajectory and Initiatives

Historical Growth: Gray Television has historically grown through acquisitions of local television stations.

Future Projections: Future growth projections are subject to market conditions and company performance. Analyst estimates can be found on financial websites.

Recent Initiatives: Recent initiatives often include investments in digital platforms and local content creation.

Summary

Gray Television is a major player in the local broadcasting industry, focusing on smaller and mid-sized markets. Its strong local news programming is a key strength, though cord-cutting remains a significant challenge. The company's growth strategy relies heavily on acquisitions, increasing debt. Adapting to digital platforms is essential for future success.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Reports
  • Industry Analysis Reports
  • Financial News Outlets

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Market data is subject to change.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Gray Television Inc

Exchange NYSE
Headquaters Atlanta, GA, United States
IPO Launch date 2002-08-30
Executive Chairman & CEO Mr. Hilton Hatchett Howell Jr.
Sector Communication Services
Industry Broadcasting
Full time employees 9118
Full time employees 9118

Gray Media, Inc., a multimedia company, owns and/or operates television stations and digital assets in the United States. The company operates through Broadcasting, Production Companies, and Other segments. It also owns Gray Digital Media, a digital agency that provides clients with digital marketing strategies; and operates video production companies and studio production facilities. The company was formerly known as Gray Television, Inc. and changed its name to Gray Media, Inc. in January 2025. Gray Media, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.