Zacks Investment Research downgraded shares of ENTERCOM COMMUN (ETM) from NEUTRAL to UNDERPERFORM on October 11, 2012, with a target price of $6.40.
Entercom Communications is the fourth largest radio broadcasting company in the United States. The company has built a highly consolidated portfolio of radio stations concentrated primarily in top 50 markets with above average growth characteristics. The company's portfolio of radio stations is geographically diverse and offers a wide variety of programming formats. The company believes that geographic diversity will reduce the effect of economic downturn, while wide range of programming formats lessens the impact of changes in listening preferences.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on ENTERCOM COMMUN (ETM),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment