Entercom Communications Corporation (NYSE:ETM)‘s stock had its “buy” rating reissued by Noble Financial in a report released on Monday, July 31st.

A number of other brokerages have also recently commented on ETM. TheStreet cut shares of Entercom Communications Corporation from a “b” rating to a “c” rating in a research report on Monday, May 8th. Zacks Investment Research upgraded shares of Entercom Communications Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, ValuEngine cut shares of Entercom Communications Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $18.00.

Entercom Communications Corporation (NYSE ETM) traded up 3.29% during midday trading on Monday, hitting $10.20. 683,693 shares of the company traded hands. The firm has a market capitalization of $415.74 million, a PE ratio of 22.87 and a beta of 1.17. Entercom Communications Corporation has a 12-month low of $9.45 and a 12-month high of $16.55. The stock’s 50-day moving average is $9.96 and its 200-day moving average is $12.17.

Entercom Communications Corporation (NYSE:ETM) last issued its quarterly earnings results on Friday, July 28th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. Entercom Communications Corporation had a net margin of 4.27% and a return on equity of 8.50%. The business had revenue of $125 million for the quarter, compared to analysts’ expectations of $121.42 million. During the same period last year, the business earned $0.26 earnings per share. The business’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts anticipate that Entercom Communications Corporation will post $0.91 EPS for the current fiscal year.

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In other news, Chairman Joseph M. Field bought 135,832 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were purchased at an average price of $9.73 per share, for a total transaction of $1,321,645.36. Following the completion of the acquisition, the chairman now owns 1,006,844 shares of the company’s stock, valued at $9,796,592.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Joseph M. Field bought 151,545 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was purchased at an average price of $9.84 per share, for a total transaction of $1,491,202.80. Following the acquisition, the chairman now directly owns 1,006,844 shares of the company’s stock, valued at approximately $9,907,344.96. The disclosure for this purchase can be found here. Insiders bought 583,087 shares of company stock worth $5,775,962 in the last 90 days. Company insiders own 32.57% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of Entercom Communications Corporation by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 319,511 shares of the company’s stock worth $4,569,000 after buying an additional 13,838 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Entercom Communications Corporation by 34.0% in the first quarter. American Century Companies Inc. now owns 225,977 shares of the company’s stock worth $3,231,000 after buying an additional 57,316 shares during the last quarter. LSV Asset Management raised its stake in shares of Entercom Communications Corporation by 11.2% in the first quarter. LSV Asset Management now owns 93,632 shares of the company’s stock worth $1,338,000 after buying an additional 9,400 shares during the last quarter. Eqis Capital Management Inc. raised its stake in shares of Entercom Communications Corporation by 16.7% in the first quarter. Eqis Capital Management Inc. now owns 19,713 shares of the company’s stock worth $282,000 after buying an additional 2,816 shares during the last quarter. Finally, Bowling Portfolio Management LLC acquired a new stake in shares of Entercom Communications Corporation during the first quarter worth approximately $193,000. 49.55% of the stock is owned by institutional investors.

Entercom Communications Corporation 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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