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.

ILLEGAL ACTIVITY NOTICE: This report was first published by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.watchlistnews.com/iheartmedia-inc-ihrt-bonds-rise-1-8-during-trading/1607636.html.

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).

Receive News & Ratings for iHeartMedia Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iHeartMedia Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.