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iHeartMedia (IHRT) Receives a Buy from Barrington

Barrington analyst James Goss reiterated a Buy rating on iHeartMedia (IHRTResearch Report) today and set a price target of $20.00. The company’s shares closed last Thursday at $8.59, close to its 52-week low of $6.43.

According to TipRanks.com, Goss ‘ ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -5.1% and a 38.6% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Entertainment Class A, Paramount Global Class B, and Clear Channel Outdoor.

iHeartMedia has an analyst consensus of Moderate Buy, with a price target consensus of $15.88.

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The company has a one-year high of $27.62 and a one-year low of $6.43. Currently, iHeartMedia has an average volume of 1.02M.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IHRT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

iHeartMedia, Inc. engages in the provision of media and entertainment services. It operates through the following segments: Audio; Audio and Media Services; and Corporate and Other Reconciling Items. The Audio segment comprises of media and entertainment services via broadcast and digital delivery and also includes events and national syndication businesses. The Audio and Media Services segment consists of the other audio and media services, including the media representation business (Katz Media) and the provider of scheduling and broadcast software (RCS).The company was founded by L. Lowry Mays and B. J. McCombs in 1972 and is headquartered in San Antonio, TX.

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