Entercom Communications (NYSE:ETM) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Saturday.
ETM has been the subject of a number of other research reports. Noble Financial restated a “buy” rating on shares of Entercom Communications in a research note on Monday, November 27th. Zacks Investment Research upgraded shares of Entercom Communications from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Entercom Communications has an average rating of “Hold” and an average price target of $12.00.
Shares of Entercom Communications (ETM) opened at $10.00 on Friday. The company has a market cap of $407.29, a price-to-earnings ratio of 3.88, a price-to-earnings-growth ratio of 4.42 and a beta of 1.06. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.21 and a current ratio of 2.21. Entercom Communications has a one year low of $9.40 and a one year high of $14.55.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB bought a new stake in shares of Entercom Communications in the 4th quarter worth $140,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Entercom Communications in the 3rd quarter worth $186,000. Amalgamated Bank bought a new stake in shares of Entercom Communications in the 4th quarter worth $185,000. Voya Investment Management LLC grew its stake in shares of Entercom Communications by 14.0% in the 2nd quarter. Voya Investment Management LLC now owns 19,392 shares of the company’s stock worth $201,000 after acquiring an additional 2,383 shares in the last quarter. Finally, AXA grew its stake in shares of Entercom Communications by 35.6% in the 4th quarter. AXA now owns 19,800 shares of the company’s stock worth $214,000 after acquiring an additional 5,200 shares in the last quarter.
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Entercom Communications Company Profile
Entercom Communications Corp. is a radio broadcasting company. The Company sells advertising time to local, regional and national advertisers and national network advertisers, purchasing spot commercials in varying lengths. It focuses on station-related digital platforms, which allow for audience interaction and participation, and integrated local digital marketing solutions and station events.
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