iHeartMedia (IHRT) Debt Trading 0.9% Higher

An issue of iHeartMedia Inc (OTCMKTS:IHRT) bonds rose 0.9% against their face value during trading on Tuesday. The debt issue has a 9% coupon and will mature on September 15, 2022. The bonds in the issue are now trading at $74.75. Price changes in a company’s bonds in credit markets often predict parallel changes in its stock price.

Shares of iHeartMedia Inc (OTCMKTS:IHRT) opened at $0.55 on Thursday. iHeartMedia Inc has a twelve month low of $0.36 and a twelve month high of $4.01. The company has a debt-to-equity ratio of -1.71, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $50.38, a P/E ratio of -0.07 and a beta of -0.02.

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iHeartMedia Company Profile

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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