Gray Media (NYSE:GTN) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of Gray Media (NYSE:GTN) from a hold rating to a sell rating in a research report report published on Saturday.

A number of other equities analysts have also issued reports on the company. Zacks Research lowered Gray Media from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Barrington Research reaffirmed an “outperform” rating and set a $6.50 price target on shares of Gray Media in a research report on Tuesday, April 28th. Wells Fargo & Company increased their price target on Gray Media from $5.50 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Guggenheim increased their price target on Gray Media from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings raised Gray Media from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.13.

Gray Media Stock Performance

Shares of GTN stock opened at $4.35 on Friday. The firm has a market capitalization of $450.92 million, a price-to-earnings ratio of -2.84 and a beta of 1.04. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27. The business has a fifty day moving average of $5.13 and a 200 day moving average of $4.86. Gray Media has a 1 year low of $3.50 and a 1 year high of $6.43.

Gray Media (NYSE:GTN) last issued its earnings results on Thursday, May 7th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.02). The firm had revenue of $768.00 million during the quarter, compared to analysts’ expectations of $768.05 million. Gray Media had a negative return on equity of 3.05% and a negative net margin of 3.12%.The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.23) EPS. As a group, research analysts expect that Gray Media will post 2.2 earnings per share for the current year.

Gray Media Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, June 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.4%. Gray Media’s dividend payout ratio (DPR) is -22.54%.

Institutional Investors Weigh In On Gray Media

A number of institutional investors have recently modified their holdings of GTN. Empowered Funds LLC grew its position in shares of Gray Media by 7.4% during the 1st quarter. Empowered Funds LLC now owns 464,859 shares of the company’s stock valued at $2,008,000 after acquiring an additional 32,173 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Gray Media during the 1st quarter valued at about $28,000. Creative Planning grew its position in shares of Gray Media by 17.3% during the 2nd quarter. Creative Planning now owns 63,544 shares of the company’s stock valued at $288,000 after acquiring an additional 9,358 shares during the period. Cetera Investment Advisers grew its position in shares of Gray Media by 19.7% during the 2nd quarter. Cetera Investment Advisers now owns 91,032 shares of the company’s stock valued at $412,000 after acquiring an additional 14,976 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Gray Media by 7.0% during the 2nd quarter. Rhumbline Advisers now owns 145,450 shares of the company’s stock valued at $659,000 after acquiring an additional 9,575 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Gray Media

Here are the key news stories impacting Gray Media this week:

• Positive Sentiment: Gray Media declared a quarterly cash dividend of $0.08 per share, which supports the stock’s income appeal and implies a roughly 7.1% annualized yield. Gray Announces Quarterly Cash Dividend of $0.08 Per Share
• Positive Sentiment: The company closed its $80 million station transaction with Block Communications, adding TV stations in Louisville, Springfield-Decatur, and Lima, which should expand Gray’s broadcast portfolio. Gray Media and Block Communications Close Station Transaction
• Neutral Sentiment: Gray updated second-quarter 2026 guidance, with revenue outlook of $780 million to $800 million versus a $794 million consensus estimate, leaving investors focused on whether upcoming results can beat expectations. Gray Media, Inc. (NYSE:GTN) Q1 2026 Earnings Call Transcript
• Negative Sentiment: First-quarter EPS came in at a loss of $0.34 per share, missing the $0.32 loss expected by analysts, which is a key reason the stock is under pressure. Gray Media (GTN) Reports Q1 Loss, Beats Revenue Estimates
• Negative Sentiment: Revenue of $768 million was essentially flat versus estimates and down 1.8% year over year, reinforcing concerns about slow top-line growth and weak profitability. Gray Media Announces First Quarter Financial Results

About Gray Media

Gray Media (NYSE:GTN) is a U.S.-based broadcasting and digital media company that owns and operates a portfolio of local television stations and associated digital platforms. The company’s core business centers on delivering local news, sports and entertainment programming through its network-affiliated broadcast outlets. In addition to traditional over-the-air distribution, Gray Media supports multi-platform video streaming and on-demand services for audiences across its markets.

Gray Media’s television stations carry network programming from major national broadcasters, including ABC, CBS, NBC, Fox and The CW, and often feature locally produced news and public affairs content.