iHeartMedia (IHRT) to Release Earnings on Thursday

iHeartMedia (NASDAQ:IHRT - Get Free Report) is expected to release its earnings data after the market closes on Thursday, February 27th. Analysts expect iHeartMedia to post earnings of $0.44 per share and revenue of $1.17 billion for the quarter. Investors interested in participating in the company's conference call can do so using this link.

iHeartMedia Stock Down 3.2 %

Shares of NASDAQ IHRT traded down $0.07 during trading hours on Friday, hitting $2.11. 795,945 shares of the stock were exchanged, compared to its average volume of 582,624. iHeartMedia has a 12 month low of $0.81 and a 12 month high of $3.04. The firm has a fifty day moving average price of $2.16 and a 200-day moving average price of $1.98. The company has a market cap of $310.33 million, a PE ratio of -0.31 and a beta of 1.73.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on IHRT shares. Guggenheim upped their price target on iHeartMedia from $3.00 to $5.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Bank of America raised iHeartMedia from an "underperform" rating to a "neutral" rating and upped their target price for the company from $1.00 to $3.00 in a research report on Tuesday, November 12th. Finally, Barrington Research raised iHeartMedia to a "hold" rating in a report on Tuesday, November 12th.

iHeartMedia Company Profile

iHeartMedia, Inc operates as an audio media company in the United States and internationally. It operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment offers broadcast radio stations, sponsorship and events, and live and virtual events; and operates Premiere Networks, a national radio network that produces, distributes, or represents syndicated radio programs and services to radio station affiliates.