5 Best Stocks to Buy for Medium Term

In this article, we will be taking a look at the 5 best stocks to buy for medium term. To read our detailed analysis of the current stock market dynamics, you can go directly to see the 10 Best Stocks to Buy for Medium Term.

5. Gray Television, Inc. (NYSE:GTN)

Dividend Yield as of February 27: 2.62%

Number of Hedge Fund Holders: 23

Gray Television, Inc. (NYSE:GTN) is a communication services company based in Atlanta, Georgia. The company owns and operates TV stations and digital assets in the US.

The stock has a payout ratio of 7.37%. The company reported revenues of $1.07 billion in the fourth quarter, demonstrating a revenue growth rate of 48.68% year-over-year. Gray Television, Inc. (NYSE:GTN) was trading at $12.20 on February 27. The average price target on the shares is $16.2, according to TipRanks. Based on this price target, the stock has an upside potential of 80.6%.

Out of the 943 hedge funds tracked by Insider Monkey in the fourth quarter, 23 hedge funds were long Gray Television, Inc. (NYSE:GTN). Their total stake value was $161 million.