Entercom Communications Corp. (NYSE:ETM) has been assigned an average broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.

Brokerages have set a 1-year consensus target price of $14.00 for the company, according to Zacks. Zacks has also assigned Entercom Communications an industry rank of 222 out of 265 based on the ratings given to its competitors.

ETM has been the topic of a number of recent analyst reports. Noble Financial reiterated a “buy” rating on shares of Entercom Communications in a research report on Monday, November 27th. ValuEngine downgraded Entercom Communications from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research downgraded Entercom Communications from a “hold” rating to a “sell” rating in a research report on Monday, January 8th.

In other news, Chairman Joseph M. Field bought 168,162 shares of Entercom Communications stock in a transaction that occurred on Monday, November 27th. The shares were acquired at an average price of $11.81 per share, with a total value of $1,985,993.22. Following the completion of the purchase, the chairman now directly owns 3,762,621 shares in the company, valued at $44,436,554.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David J. Field bought 25,000 shares of Entercom Communications stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average cost of $11.60 per share, for a total transaction of $290,000.00. Following the purchase, the insider now owns 1,823,072 shares of the company’s stock, valued at $21,147,635.20. The disclosure for this purchase can be found here. Insiders purchased 423,444 shares of company stock worth $4,978,398 in the last quarter. 32.57% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in shares of Entercom Communications during the second quarter valued at about $122,000. Virtu KCG Holdings LLC bought a new position in shares of Entercom Communications during the second quarter valued at about $159,000. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Entercom Communications during the third quarter valued at about $186,000. Zacks Investment Management bought a new position in shares of Entercom Communications during the second quarter valued at about $186,000. Finally, Voya Investment Management LLC grew its stake in shares of Entercom Communications by 14.0% during the second quarter. Voya Investment Management LLC now owns 19,392 shares of the company’s stock valued at $201,000 after buying an additional 2,383 shares during the last quarter. 65.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Entercom Communications (ETM) traded up $0.15 during mid-day trading on Monday, hitting $11.35. The company had a trading volume of 2,468,600 shares, compared to its average volume of 2,515,922. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.23. Entercom Communications has a one year low of $9.45 and a one year high of $16.55. The stock has a market capitalization of $1,570.00, a P/E ratio of 45.40, a PEG ratio of 5.23 and a beta of 1.10.

Entercom Communications (NYSE:ETM) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. Entercom Communications had a return on equity of 8.67% and a net margin of 2.69%. The company had revenue of $122.30 million for the quarter, compared to the consensus estimate of $120.76 million. During the same quarter last year, the business posted $0.27 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. sell-side analysts predict that Entercom Communications will post 0.93 earnings per share for the current fiscal year.

Entercom Communications announced that its Board of Directors has initiated a share buyback program on Thursday, November 2nd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 22.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

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Entercom Communications Company Profile

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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