iHeartMedia Inc. (NASDAQ:IHRT) traded at a new 52-week high today of $20.29. So far today approximately 333,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.
iHeartMedia Inc. (NASDAQ:IHRT) defies analysts with a current price ($20.08) 14.9% above its average consensus price target of $17.08.
iHeartMedia Inc is a US-based diversified media and entertainment company. It operates its business through two segments; Audio and Audio and Media Services. Its Audio segment which derives majority revenue offers broadcast and digital radio, online and mobile services and products, traffic and weather data distribution, outdoor advertising services. It also provides outdoor advertising services in Asia, Australia, Europe and Latin America. Its assets include traditional and digital billboards, street furniture and transit displays, airport displays and wallscapes under lease management agreements. The Audio and Media Services Segment engages in full-service media representation business, Katz Media Group, as well as other general support services.
Over the past year, iHeartMedia Inc. has traded in a range of $5.61 to $20.29 and is now at $20.08, 258% above that low.
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