iHeartMedia Inc (IHRT) Bonds Rise 1.8% During Trading
An issue of iHeartMedia Inc (NASDAQ:IHRT) bonds rose 1.8% as a percentage of their face value during trading on Monday. The high-yield issue of debt has a 10.625% coupon and will mature on March 15, 2023. The bonds in the issue are now trading at $72.75 and were trading at $71.25 last week. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.
Shares of iHeartMedia Inc (NASDAQ IHRT) remained flat at $1.50 during trading on Wednesday. The company had a trading volume of 26 shares. The company’s market cap is $135.49 million. iHeartMedia Inc has a 12-month low of $0.84 and a 12-month high of $4.01. The firm’s 50-day moving average price is $1.50 and its 200-day moving average price is $1.95.
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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