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A child holds up a flag of the Trump 2020 election campaign at Independence Day celebrations in Washington, DC, USA, July 4, 2019. REUTERS / Tom Brenner
NEW YORK (Reuters) – Gray Television Inc. Broadcasting Corporation (GTN.N) is well positioned to take advantage of a barrage of anticipated political publicity ahead of the 2020 US elections, according to Barron's.
The US financial newspaper said that good ratings on its local television markets would be attractive for congressional, senatorial, governor and presidential campaigns looking to place ads.
"For investors, this potential increase in revenue and a reduced share price are a winning ticket," writes Barron's.
Gray Television's shares have increased by approximately 15% to 2019, but have decreased by 25% in the last three months, giving the company a market capitalization of 1.7%. billion dollars.
A representative from Gray Television did not immediately respond to a request for comment on Barron's report.
Reportage of Joshua Franklin in New York; Edited by Lisa Shumaker
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