Morgan Stanley (NYSE:MS) analyst Benjamin Swinburne maintained a Hold rating on iHeartMedia (NASDAQ:IHRT) on Wednesday, setting a price target of $20, which is approximately 11.92% above the present share price of $17.87.
Swinburne expects iHeartMedia to post earnings per share (EPS) of $0.00 for the second quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in iHeartMedia, with an average price target of $20.2.
The analysts price targets range from a high of $24 to a low of $17.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $935.53 million and a net profit of $112.09 million. The company's market cap is $2.5 billion.
According to TipRanks.com, Morgan Stanley analyst Benjamin Swinburne is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.8% and a 62.87% success rate.
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.