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iHeartMedia (IHRT) was downgraded to a Sell Rating at Goldman Sachs

Tipranks - Tipranks - Sun Jan 11, 12:00PM CST

In a report released yesterday, Stephen Laszczyk from Goldman Sachs downgraded iHeartMedia to a Sell, with a price target of $3.50.

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According to TipRanks, Laszczyk is a 4-star analyst with an average return of 9.9% and a 58.06% success rate. Laszczyk covers the Communication Services sector, focusing on stocks such as iHeartMedia, Sphere Entertainment, and IMAX.

iHeartMedia has an analyst consensus of Moderate Sell, with a price target consensus of $4.25.

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Based on iHeartMedia’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $997.01 million and a GAAP net loss of $66.26 million. In comparison, last year the company earned a revenue of $1.01 billion and had a GAAP net loss of $41.27 million

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