NEW YORK (Reuters) – Broadcasting company Gray Television Inc (N:) is well placed to profit from an anticipated deluge of political advertising ahead of U.S. elections in 2020, according to Barron’s.

The U.S. financial newspaper said good ratings in its local TV markets would be attractive to congressional, senatorial, gubernatorial and presidential campaigns looking to place adverts.

“For investors, that potential pickup in revenue and a discounted stock price make for a winning ticket,” Barron’s wrote.

Shares in Gray Television are up around 15% so far in 2019 but are down 25% in the last three months, giving the company a market capitalization of $1.7 billion.

A representative for Gray Television did not immediately respond to a request for comment on the Barron’s report.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

2019-07-07