iHeartMedia Inc (IHRT) Bonds Trading 1.3% Higher
An issue of iHeartMedia Inc (NASDAQ:IHRT) debt rose 1.3% against its face value during trading on Wednesday. The high-yield issue of debt has a 9% coupon and will mature on March 1, 2021. The debt is now trading at $74.00 and was trading at $73.00 one week ago. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.
iHeartMedia Inc (NASDAQ:IHRT) remained flat at $1.50 during midday trading on Wednesday. The company had a trading volume of 3,098 shares. iHeartMedia Inc has a 52-week low of $0.84 and a 52-week high of $4.01. The stock’s 50-day moving average is $1.44 and its 200 day moving average is $1.90. The company’s market cap is $135.49 million.
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iHeartMedia, Inc is a diversified media and entertainment company. The Company specializes in broadcast radio, digital, out-of-home, mobile, live events and on-demand information services for national audiences and local communities while providing a range of opportunities for advertisers. It operates through three segments: iHeartMedia (iHM), Americas outdoor advertising (Americas outdoor) and International outdoor advertising (International outdoor).
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