STOCKS TELEGRAPH

Tag: Entercom Communications Corp.

  • Entercom Communications Corp [ETM] Is in a Bullish Reversal: Here’s Why

    Entercom Communications Corp [ETM] Is in a Bullish Reversal: Here’s Why

    Entercom Communications Corp [NYSE: ETM] is in a bullish reversal after several days of losses. This comes after the leading online audio sports company entered into a partnership with and the fastest growing sportsbook company in the United States of America, FanDuel. The deal will see FanDuel become Entercom’s official sportsbook partner in all its best-in-class sports broadcast stations.

    In the agreement, the two titans in this industry have a shared goal in which they aim to entertain, inform and engage sports fans of various issues about games and institute a new model where a sports media platform collaborates with a sports gaming operator to bring the best out of sports. Entercom fans will have as part of the agreement access to Fanduel’s games odds, promotions, and insights that they will get through the sports platforms online audio stations and personalities. The two companies are further set to work together to produce content that will bring forth new formats in the industry.

    The terms of this deal state that Fanduel will be Entercom’s official sportsbook. Fanduel will have access to all Entercom talent in every area that the two engage or operate together. Fanduel on its part brings all its sports betting content, risk and trading expertise, and progressive sports betting products to all Entercom’s audience and fans. This access will be through a comprehensive integration in the country’s leading and largest sports audio platform.

    Commenting on the partnership, Fanduel’s Chief Executive Officer Matthew King said that they were beyond excited to have partnered with Entercom that has revolutionized the entertainment and audio industries in the provision of betting and fantasy categories. He noted that in the two years that the companies have been working together, there has been a real connection with sports fans and the best way of engaging with those fans. He noted that Fanduel will continue providing fans with information relevant and helpful to their needs and continue providing them with tools that will enable them to continue learning and winning.

    On his part, the President and Chief Executive Officer of Entercom noted that they believe this to be the largest advertising commitment that has been made in the recent past in the radio industry. He further said that Entercom is committed to providing the best betting experience to all of its audience in markets where this type of betting is legal. The market he noted is growing exponentially, thus the need to take advantage, and what better way than to collaborate and work with Fanduel, an industry titan.

  • Top 12 Trending Stocks In Broadcasting Industry That Need Your Attention

    Top 12 Trending Stocks In Broadcasting Industry That Need Your Attention

    Technology advancements will definitely continue this year in a host of industries and it seems like the broadcasting industry is one of them. This technology will accept and utilize those opportunities that these technologies will provide. The world is dynamic and so is the technology. It has brought various changes in almost every industry.

    The broadcasting industry is best known for its ability to adapt to and reflect quickly changing customer tastes. The trend which has gained attention in this industry is the merger of social broadcasting with Artificial Intelligence. If AI continues to grow, the two-way communication will hold a lot of promises for the broadcasting industry.

    Let’s take a quick look at the top best-performing companies in the broadcasting industry and see how they adopt new trends:

    Sirius XM Holdings Inc. (NASDAQ: SIRI)

    Sirius XM Holdings Inc. (NASDAQ: SIRI) shares were trading down -2.14% at $5.02 at the time of writing on Wednesday. Sirius XM Holdings Inc. (NASDAQ: SIRI) share price went from a low point around $4.11 to briefly over $7.40 in the past 52 weeks, though shares have since pulled back to $5.02. SIRI market cap has remained high, hitting $22.42B at the time of writing, giving it a price-to-sales ratio of more than 2.

    SiriusXM and The National Football League (NFL) have expanded their satellite broadcasting agreement to include additional streaming rights starting this 2020 season. If we look at the recent analyst rating SIRI, The Benchmark Company upgraded coverage on SIRI shares with a Buy rating and a $6.84 price target, which implies room for 1.82% upside momentum this year.

    AMC Networks Inc. (NASDAQ: AMCX)

    AMC Networks Inc. (NASDAQ: AMCX) shares headed falling, lower as much as -2.82%. The most recent rating by Macquarie, on August 07, 2020, is at an Outperform. AMC Networks Inc. (AMCX) revealed that it has decided to start a ‘modified Dutch auction’ tender offer to purchase up to $250 million in value of its outstanding Class A common stock, par value $0.01 per share, at a price per Class A share of not less than $22.50 and not greater than $26.50. This company market capitalization has remained high, hitting $1.25 billion at the time of writing.

    Entercom Communications Corp. (NYSE: ETM)

    Entercom Communications Corp. (NYSE: ETM) last closed at $1.38, in a 52-week range of $0.75 to $5.22. Analysts have a consensus price target of $1.80. Entercom Communications Corp. (ETM) will broadcast the fourth annual “I’m Listening,” a live national program that brings together artists, athletes, and medical specialists to raise awareness and end the stigma of talking about mental health. This company market capitalization has remained high, hitting $187.83 million at the time of writing.

    Fox Corporation (NASDAQ: FOX)

    Fox Corporation (NASDAQ: FOX) stock drop by -3.60% to $25.98. Fox Corporation (FOX) FOX News Digital has experienced record-breaking engagement across all key performance indicators from Jun’20 to Aug’20. The digital network also completed the month with its strongest performance of any August on record and led the news competition in multiplatform minutes for the month.

    TEGNA Inc. (NYSE: TGNA)

    TEGNA Inc. (NYSE: TGNA) fall -1.79% after losing more than -$0.21 on Wednesday. TEGNA Inc. (TGNA) revealed today that its people and stations have received seven Broadcasting+Cable Awards, which recognize the local television industry’s most powerful, innovative, and engaging content and programming in news, public affairs, and community relations. This company’s market capitalization has remained high, hitting $2.52 billion at the time of writing.

    Sinclair Broadcast Group Inc. (NASDAQ: SBGI)

    Sinclair Broadcast Group Inc. (NASDAQ: SBGI) last closed at $19.35, in a 52-week range of $10.57 to $44.15. Analysts have a consensus price target of $23.81. Sinclair Broadcast Group Inc. (SBGI) honored President and Chief Executive Officer Christopher Ripley for being awarded The Daily Record’s Most Admired CEO Award. He has been recognized for his leadership and strong vision.

    News Corporation (NASDAQ: NWSA)

    News Corporation (NASDAQ: NWSA) stock drop by -3.39% to $14.24. The most recent rating by JP Morgan, on July 22, 2020, is at a Neutral. News Corporation (NWSA) share price went from a low point around $7.90 to briefly over $15.90 in the past 52 weeks. News Corporation’s market cap has remained high, hitting $8.14 billion at the time of writing.

    Grupo Televisa S.A.B. (NYSE: TV)

    Grupo Televisa S.A.B. (NYSE: TV) fall -1.12% after losing more than -$0.07 on Wednesday. Grupo Televisa S.A.B. (TV) stocks fluctuated between the 52-weeks low range of $4.65 and a 52-weeks high range of $12.60. It has moved up 34.52% from its 52-weeks low and moved down -50.38% from its 52-weeks high. If we look at its liquidity, it has a current ratio of $3.60 billion at the time of writing.

    Urban One Inc. (NASDAQ: UONE)

    Urban One Inc. (NASDAQ: UONE) stock soar by 9.52% to $4.14. Urban One Inc. (UONE) share price went from a low point around $0.95 to briefly over $54.16 in the past 52 weeks. It has moved up 306.92% from its 52-weeks low and moved down -92.87% from its 52-weeks high. Urban One Inc.’s market cap has remained high, hitting $6.55 million at the time of writing.

    Urban One Inc. (NASDAQ: UONEK)

    Urban One Inc. (NASDAQ: UONEK) Shares headed rising, higher as much as 1.56%. Urban One Inc. (UONEK) stocks fluctuated between the 52-weeks low range of $0.56 and a 52-weeks high range of $6.84. It has moved up 51.48% from its 52-weeks low and moved down -87.55% from its 52-weeks high. If we look at its liquidity, it has a current ratio of $1.70 billion at the time of writing.

    Fox Corporation (NASDAQ: FOXA)

    Fox Corporation (NASDAQ: FOXA) last closed at $25.91, in a 52-week range of $19.81 to $39.74. Analysts have a consensus price target of $28.84. This company’s market capitalization has remained high, hitting $16.08 billion at the time of writing.

    The Liberty SiriusXM Group (NASDAQ: LSXMK)

    The Liberty SiriusXM Group (NASDAQ: LSXMK) shares headed falling, lower as much as -2.32%. The most recent rating by Morgan Stanley, on March 15, 2019, is at an Overweight. The Liberty SiriusXM Group (LSXMK) market capitalization has remained high, hitting 7.44 billion at the time of writing.