Entercom Communications’ (ETM) Buy Rating Reiterated at Noble Financial
Entercom Communications (NYSE:ETM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Noble Financial in a report issued on Friday.
Other analysts have also issued reports about the company. Zacks Investment Research raised Entercom Communications from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Monday, January 29th. ValuEngine lowered Entercom Communications from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $12.00.
Shares of Entercom Communications (NYSE:ETM) opened at $10.00 on Friday. The company has a market capitalization of $1,410.00, a PE ratio of 3.91, a P/E/G ratio of 4.34 and a beta of 1.06. Entercom Communications has a 1-year low of $9.40 and a 1-year high of $14.55. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.23.
Institutional investors and hedge funds have recently modified their holdings of the business. Xact Kapitalforvaltning AB acquired a new stake in Entercom Communications in the fourth quarter valued at approximately $140,000. Amalgamated Bank acquired a new stake in Entercom Communications in the fourth quarter valued at approximately $185,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Entercom Communications in the third quarter valued at approximately $186,000. Voya Investment Management LLC grew its holdings in Entercom Communications by 14.0% in the second quarter. Voya Investment Management LLC now owns 19,392 shares of the company’s stock valued at $201,000 after purchasing an additional 2,383 shares during the period. Finally, AXA grew its holdings in Entercom Communications by 35.6% in the fourth quarter. AXA now owns 19,800 shares of the company’s stock valued at $214,000 after purchasing an additional 5,200 shares during the period.
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About Entercom Communications
Entercom Communications Corp. is a radio broadcasting company. The Company sells advertising time to local, regional and national advertisers and national network advertisers, purchasing spot commercials in varying lengths. It focuses on station-related digital platforms, which allow for audience interaction and participation, and integrated local digital marketing solutions and station events.
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