CC Media (IHRT) Bonds Trading 1% Lower
An issue of CC Media Holdings Inc. (OTCMKTS:IHRT) bonds fell 1% as a percentage of their face value during trading on Monday. The high-yield debt issue has a 9% coupon and is set to mature on December 15, 2019. The bonds in the issue are now trading at $73.44 and were trading at $74.25 one week ago. Price changes in a company’s bonds in credit markets often predict parallel changes in its share price.
CC Media Holdings Inc. (IHRT) opened at $0.75 on Tuesday. CC Media Holdings Inc. has a 52 week low of $0.55 and a 52 week high of $4.01. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of -1.71.
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About CC Media
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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