Entercom Communications (ETM) Jumps: Stock Rises 9.2%

Zacks Equity Research
·2-min read

Entercom Communications Corp. ETM was a big mover last session, as the company saw its shares rise more than 9.2% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 35.6% in the past one-month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Entercom Communications currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%. 

Entercom Communications Corporation Price

Entercom Communications Corporation Price
Entercom Communications Corporation Price

Entercom Communications Corporation price | Entercom Communications Corporation Quote

A better-ranked stock in the Broadcast Radio and Television industry is Sinclair Broadcast Group, Inc. SBGI, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Hottest Tech Mega-Trend of All

Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>

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