Gabelli Downgrades LIN TV (TVL) to Hold
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Price: $12.16 +2.79%
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
0 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade TVL Now!
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, with a 52 week range of $2.64-$9.15.
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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, with a 52 week range of $2.64-$9.15.
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