Gilford Securities Comments On Nexstar Broadcasting (NXST)

Gilford Securities provided color on Nexstar Broadcasting NXST in a research report published today. Gilford Securities has previously given Nexstar Broadcasting a Buy rating. In the report, Gilford Securities states, " In Q1 2011 and beyond, TV Stations Groups should benefit from auto, its top ad category, continuing to surge at 23.4% yr/ yr in substantially higher spending despite decreased avg. ad rates of 6.7%, easily overwhelmed by higher inventory sell-through at 31.4% in top 50 markets. This growth was achieved even though it compared against prior year's Q1 46.3% auto rev. increase." Shares of Nexstar Broadcasting were trading at $6.65 at the time of posting, down 3.27% from Friday's market close.