In a report released today, James Goss from Barrington reiterated a Hold rating on iHeartMedia (IHRT – Research Report). The company’s shares opened today at $1.99.
According to TipRanks, Goss is an analyst with an average return of -9.0% and a 33.33% success rate. Goss covers the Communication Services sector, focusing on stocks such as Sirius XM Holdings, Cumulus Media, and National Cinemedia.
The word on The Street in general, suggests a Hold analyst consensus rating for iHeartMedia with a $4.75 average price target.
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Based on iHeartMedia’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $952.99 million and a GAAP net loss of $9.05 million. In comparison, last year the company earned a revenue of $988.93 million and had a GAAP net loss of $310.36 million
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IHRT in relation to earlier this year.
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iHeartMedia (IHRT) Company Description:
iHeartMedia, Inc. engages in the provision of media and entertainment services. It operates through the following segments: Audio; Audio and Media Services; and Corporate and Other Reconciling Items. The Audio segment comprises of media and entertainment services via broadcast and digital delivery and also includes events and national syndication businesses. The Audio and Media Services segment consists of the other audio and media services, including the media representation business (Katz Media) and the provider of scheduling and broadcast software (RCS).The company was founded by L. Lowry Mays and B. J. McCombs in 1972 and is headquartered in San Antonio, TX.
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