iHeartMedia Inc (IHRT) Bond Prices Fall 1.4%
An issue of iHeartMedia Inc (NASDAQ:IHRT) debt fell 1.4% against its face value during trading on Tuesday. The high-yield debt issue has a 9% coupon and is set to mature on September 15, 2022. The bonds in the issue are now trading at $70.06. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.
iHeartMedia Inc (IHRT) opened at 1.40 on Thursday. The company’s market capitalization is $126.46 million. iHeartMedia Inc has a 12-month low of $0.84 and a 12-month high of $4.01. The stock has a 50 day moving average price of $1.51 and a 200-day moving average price of $1.94.
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iHeartMedia, Inc is a diversified media and entertainment company. The Company specializes in broadcast radio, digital, out-of-home, mobile, live events and on-demand information services for national audiences and local communities while providing a range of opportunities for advertisers. It operates through three segments: iHeartMedia (iHM), Americas outdoor advertising (Americas outdoor) and International outdoor advertising (International outdoor).
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