Morgan Stanley Sticks to Its Hold Rating for iHeartMedia (IHRT)
Morgan Stanley analyst Benjamin Swinburne maintained a Hold rating on iHeartMedia (IHRT) today and set a price target of $14.00. The company’s shares closed last Monday at $15.07.
According to TipRanks.com, Swinburne is a 4-star analyst with an average return of 10.8% and a 63.0% success rate. Swinburne covers the Services sector, focusing on stocks such as Madison Square Garden Entertainment, Interpublic Group of Companies, and Madison Square Garden Sports.
iHeartMedia has an analyst consensus of Hold, with a price target consensus of $14.67.
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iHeartMedia’s market cap is currently $1.04B and has a P/E ratio of -0.60.
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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.