Shares of iHeartMedia Inc. (NASDAQ:IHRT) traded at a new 52-week high today of $28.83. Approximately 23.9 million shares have changed hands today, as compared to an average 30-day volume of 623,000 shares.
In the past 52 weeks, iHeartMedia Inc. share prices are bracketed by a current low of $4.32 and a high of $28.24 and is now at $18.62.
iHeartMedia Inc is a US-based diversified media and entertainment company. It operates through the segments of the Multiplatform Group, the Digital Audio Group and the Audio & Media Services Group. The company derives prime revenue from the Multiplatform Group segment which includes the company’s Broadcast radio, Networks and Sponsorships and Events businesses. The Digital Audio Group segment includes all of the company’s digital businesses, including podcasting; and the Audio & Media Services Group includes Katz Media Group, a full-service media representation business, and RCS Sound Software, a provider of scheduling and broadcast software and services.
There is potential upside of 1.9% for shares of iHeartMedia Inc. based on a current price of $18.62 and an average consensus analyst price target of $18.97.
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