iHeartMedia (IHRT) Receives a Buy from Barrington


Barrington analyst James Goss reiterated a Buy rating on iHeartMedia (IHRT) today and set a price target of $12.00. The company’s shares closed last Thursday at $8.07.

According to TipRanks.com, Goss is ranked 0 out of 5 stars with an average return of -4.3% and a 43.3% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Entertainment, Clear Channel Outdoor, and Nexstar Media Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for iHeartMedia with a $10.17 average price target, a 20.1% upside from current levels. In a report issued on July 24, B.Riley FBR also maintained a Buy rating on the stock with a $11.00 price target.

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The company has a one-year high of $19.69 and a one-year low of $4.31. Currently, iHeartMedia has an average volume of 1.12M.

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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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