Shares of Entercom Communications Corp. (NYSE:ETM) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price objective of $20.00 for the company and are forecasting that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also assigned Entercom Communications Corp. an industry rank of 189 out of 265 based on the ratings given to related companies.

ETM has been the subject of several recent research reports. TheStreet upgraded Entercom Communications Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 28th. Zacks Investment Research upgraded Entercom Communications Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 29th.

Entercom Communications Corp. (NYSE:ETM) remained flat at $13.00 on Friday. The company had a trading volume of 12,498 shares. Entercom Communications Corp. has a 12-month low of $8.88 and a 12-month high of $14.94. The company has a market cap of $527.83 million, a P/E ratio of 13.99 and a beta of 1.62. The company’s 50-day moving average price is $13.73 and its 200-day moving average price is $12.67.

Entercom Communications Corp. (NYSE:ETM) last released its earnings results on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. Entercom Communications Corp. had a return on equity of 9.41% and a net margin of 8.41%. The firm earned $120.50 million during the quarter, compared to the consensus estimate of $119.12 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts anticipate that Entercom Communications Corp. will post $0.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Monday, August 15th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.31%. The ex-dividend date was Thursday, August 11th. Entercom Communications Corp.’s dividend payout ratio is currently 32.97%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of Entercom Communications Corp. by 5.6% in the second quarter. JPMorgan Chase & Co. now owns 4,278,892 shares of the company’s stock valued at $58,065,000 after buying an additional 228,451 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Entercom Communications Corp. by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,491,204 shares of the company’s stock valued at $20,235,000 after buying an additional 75,610 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Entercom Communications Corp. by 2.7% in the second quarter. Vanguard Group Inc. now owns 860,043 shares of the company’s stock valued at $11,670,000 after buying an additional 22,408 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Entercom Communications Corp. by 4.3% in the second quarter. BlackRock Fund Advisors now owns 669,295 shares of the company’s stock valued at $9,082,000 after buying an additional 27,334 shares in the last quarter. Finally, Phocas Financial Corp. boosted its position in shares of Entercom Communications Corp. by 45.9% in the first quarter. Phocas Financial Corp. now owns 532,656 shares of the company’s stock valued at $5,636,000 after buying an additional 167,456 shares in the last quarter. Institutional investors own 45.22% of the company’s stock.

About Entercom Communications Corp.

Entercom Communications Corp. is a radio broadcasting company. The Company has a portfolio of approximately 130 radio stations in over 30 markets across the United States. The Company operates through the radio broadcasting segment. The Company sells advertising time to local, regional and national advertisers and national network advertisers, engaged in purchasing spot commercials in varying lengths.

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