An issue of iHeartMedia Inc (OTCMKTS:IHRT) debt fell 1.3% as a percentage of its face value during trading on Wednesday. The debt issue has a 9% coupon and is set to mature on March 1, 2021. The bonds in the issue are now trading at $81.75 and were trading at $82.75 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its share price.
Shares of iHeartMedia Inc (IHRT) traded down $0.01 during trading hours on Wednesday, reaching $0.48. The company’s stock had a trading volume of 28,996 shares, compared to its average volume of 59,399. The stock has a market capitalization of $43.97, a PE ratio of -0.06 and a beta of 0.27. The company has a debt-to-equity ratio of -1.71, a current ratio of 1.09 and a quick ratio of 1.09. iHeartMedia Inc has a fifty-two week low of $0.36 and a fifty-two week high of $4.01.
iHeartMedia, Inc is a diversified media and entertainment company. The Company specializes in broadcast radio, digital, out-of-home, mobile, live events and on-demand information services for national audiences and local communities while providing a range of opportunities for advertisers. It operates through three segments: iHeartMedia (iHM), Americas outdoor advertising (Americas outdoor) and International outdoor advertising (International outdoor).
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