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Analysts Have Conflicting Sentiments on These Communication Services Companies: TPG Telecom Limited (OtherTPGTF) and iHeartMedia (IHRT)

Tipranks - Wed Mar 4, 6:14AM CST

Analysts have been eager to weigh in on the Communication Services sector with new ratings on TPG Telecom Limited (TPGTFResearch Report) and iHeartMedia (IHRTResearch Report).

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TPG Telecom Limited (TPGTF)

In a report released today, Bob Chen CFA from J.P. Morgan maintained a Sell rating on TPG Telecom Limited, with a price target of A$3.60. The company’s shares closed last Wednesday at $3.40.

According to TipRanks.com, CFA is a 1-star analyst with an average return of -1.6% and a 50.0% success rate. CFA covers the Technology sector, focusing on stocks such as Wisetech Global, Nextdc Limited, and Xero Limited. ;'>

TPG Telecom Limited has an analyst consensus of Hold, with a price target consensus of $2.74, implying a -19.4% downside from current levels. In a report issued on March 1, Morgan Stanley also maintained a Sell rating on the stock with a A$3.50 price target.

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iHeartMedia (IHRT)

In a report released today, Jessica Reif Ehrlich from Bank of America Securities reiterated a Hold rating on iHeartMedia, with a price target of $4.00. The company’s shares closed last Monday at $3.10.

According to TipRanks.com, Ehrlich is a 5-star analyst with an average return of 11.0% and a 51.1% success rate. Ehrlich covers the NA sector, focusing on stocks such as Optimum Communications Inc Class A, Charter Communications, and Sirius XM Holdings. ;'>

iHeartMedia has an analyst consensus of Moderate Sell, with a price target consensus of $3.13, which is a -2.8% downside from current levels. In a report released today, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $3.00 price target.

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