Entercom Communications Corp. Upgraded to “Neutral” at Zacks (ETM)
Entercom Communications Corp. (NYSE:ETM) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Wednesday, StockRatingsNetwork reports. The firm currently has a $8.70 target price on the stock. Zacks‘ price objective suggests a potential upside of 2.47% from the stock’s previous close.
Shares of Entercom Communications Corp. (NYSE:ETM) traded up 0.35% during mid-day trading on Wednesday, hitting $8.52. The stock had a trading volume of 36,669 shares. Entercom Communications Corp. has a 52-week low of $5.98 and a 52-week high of $11.00. The stock’s 50-day moving average is $9.17 and its 200-day moving average is $8.8. The company has a market cap of $318.5 million and a P/E ratio of 12.94.
Entercom Communications Corp. (NYSE:ETM) last released its earnings data on Monday, August 5th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.02. The company had revenue of $101.24 million for the quarter, compared to the consensus estimate of $104.52 million. During the same quarter last year, the company posted $0.24 earnings per share. Entercom Communications Corp.’s revenue was down 3.2% compared to the same quarter last year. Analysts expect that Entercom Communications Corp. will post $0.69 EPS for the current fiscal year.
Entercom Communications Corp. is a radio broadcasting companies in the United States. The Company’s operates with a nationwide portfolio of 23 markets: San Francisco, Boston, Seattle, Denver, Portland, Sacramento, Kansas City, Indianapolis, Milwaukee, Austin, Norfolk, Buffalo, New Orleans, Memphis, Providence, Greensboro, Greenville/Spartanburg, Rochester, Madison, Wichita, Wilkes-Barre/Scranton, Springfield (NYSE:ETM) and Gainesville/Ocala.
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