Gabelli Downgrades LIN TV (TVL) to Hold

January 9, 2013 12:29 PM EST
Get Alerts TVL Hot Sheet
Price: $14.90 --0%

Rating Summary:
    1 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Gabelli downgraded LIN TV (NYSE: TVL) from Buy to Hold on valuation.

The firm comments, "Shares rose 78% in 2012 to close the year at $7.53 per share and hit $9.15 in yesterday’s trading. We see nothing fundamental to account for the latest move, and with its current peer valuation, we are downgrading our recommendation to Hold from Buy." Shares are up 21% YTD on no news.

Gabelli finds Belo Corp. (NYSE: BLC) more attractive at 5.5x 2012/2013 BCF with refinancing opportunities still ahead of it and a 4.1% current return.

For an analyst ratings summary and ratings history on LIN TV click here. For more ratings news on LIN TV click here.

Shares of LIN TV closed at $9.08 yesterday.

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