Shares of Entercom Communications Corp. (NYSE:ETM) traded today at $6.34, eclipsing its 52-week high. This new high was reached on below average trading volume as 377,000 shares traded hands, while the average 30-day volume is approximately 2.3 million shares.
Entercom Communications Corp. (NYSE:ETM) is currently priced 31.8% above its average consensus analyst price target of $4.30.
Entercom Communications Corp is a radio broadcasting company in the United States. It has a portfolio of approximately 125 radio stations in around 25 markets across the country. The company invests in local talent, news, sports, events, communities and people. The company generates revenue from the sale to advertisers of various services and products, including commercial broadcast time; digital advertising; local events; e-commerce where an advertiser’s goods and services are sold through its websites; and integrated digital advertising solutions.
Entercom Communications Corp. share prices have moved between a 52-week high of $6.34 and a 52-week low of $0.75 and are now trading 740% above that low price at $6.30 per share.
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