Nexstar Broadcasting traded at $167.34 this Friday October 23rd, decreasing $1.42 or 0.84 percent since the previous trading session. Looking back, over the last four weeks, Nexstar Broadcasting lost 3.60 percent. Over the last 12 months, its price fell by 12.26 percent. Looking ahead, we forecast Nexstar Broadcasting to be priced at 163.79 by the end of this quarter and at 153.59 in one year, according to Trading Economics global macro models projections and analysts expectations.
Nexstar Media Group, Inc. (Nexstar) is a television broadcasting and digital media company focused on the acquisition, development and operation of television stations and interactive community websites and digital media services throughout the United States. The Company's segment includes Broadcast and Other. The Broadcast segment includes television stations and related community focused websites that Nexstar owns, operates, programs or provides sales and other services in various markets across the United States; NewsNation, a live daily national newscast and a national general entertainment cable network, digital multicast network services; and WGN-AM, a Chicago radio station. The other segment activities include corporate functions; the management of certain real estate assets, including revenues from leasing certain owned office and production facilities; and digital businesses.