Short Call at News Buzzer: QUALCOMM (NASDAQ:QCOM), Gray Television (NYSE:GTN)

QUALCOMM Incorporated (NASDAQ:QCOM) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.05% to close at $65.16 with the total traded volume of 266025 shares. Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Qualcomm Incorporated (QCOM) resulting from allegations that Qualcomm may have issued materially misleading business information to the investing public.On January 17, 2017, Bloomberg declared that U.S. antitrust officials were poised to sue Qualcomm for allegedly using unfair practices in the way it licenses its technology. On this news, shares of Qualcomm fell $2.69 per share, or 4%, to close at $64.19 per share on January 17, 2016. The firm has institutional ownership of 80.10%, while insider ownership included 0.17%. Its price to sales ratio ended at 4.08. QCOM attains analyst recommendation of 2.30 with week performance of -0.76%.

Gray Television, Inc. (NYSE:GTN) [Trend Analysis] moved up reacts as active mover, shares an increase 1.20% to traded at $10.52 and the percentage gap between open changing to regular change was 0.48%. Gray Television, Inc. (NYSE:GTN) reported that it has reached an contract in principle with Dish Network covering all of its owned and operated television stations across the country. As a result, no viewers will lose access to any of Gray’s television stations on Dish’s platform.

Terms were not disclosed.Gray owns and/or operates 100 television stations across 54 television markets that collectively broadcast over 200 program streams including 101 channels affiliated with the CBS Network, the NBC Network, the ABC Network and the FOX Network. Our portfolio includes the number-one and/or number-two ranked television station operations in essentially all of our markets, which collectively cover approximately 10.1 percent of total United States television households. The firm’s current ratio calculated as 4.80 for the most recent quarter. The firm past twelve months price to sales ratio was 1.02 and price to cash ratio remained 3.29. As far as the returns are concern, the return on equity was recorded as 9.30% and return on investment was 6.90% while its return on asset stayed at 1.60%. The firm has total debt to equity ratio measured as 0.00.

 

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