Zacks Investment Research upgraded shares of AIRMEDIA GP-ADR (AMCN) from UNDERPERFORM to NEUTRAL on July 17, 2012, with a target price of $2.20.
AirMedia Group Inc. operates the largest digital media network in China dedicated to air travel advertising. AirMedia has contractual concession rights to operate digital TV screens in 52 airports, including 28 out of the 30 largest airports in China, and has contractual concession rights to place its programs on the routes operated by 9 airlines, including the three largest airlines in China. AirMedia also offers advertisers other media platforms in airports, such as digital frames, light box displays, 360-degree LED displays and 3D displays.
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