Shares of iHeartMedia Inc. (NASDAQ:IHRT) traded today at $16.05, eclipsing its 52-week high. Approximately 296,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.
In the past 52 weeks, shares of iHeartMedia Inc. have traded between a low of $4.31 and a high of $16.05 and is now at $15.85, which is 268% above that low price.
iHeartMedia Inc. (NASDAQ:IHRT) defies analysts with a current price ($15.85) 8.8% above its average consensus price target of $14.45.
iHeartMedia Inc is a US-based diversified media and entertainment company. It operates its business through two segments; Audio and Audio & 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 & Media Services Segment engages in full-service media representation business, Katz Media Group, as well as other general support services.
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