Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Bear Stearns Upgrades Entercom to 'Attractive'

Bear Stearns upgraded Entercom (ETM) to attractive from neutral.

On Tuesday the company posted $0.32 vs. $0.21 second quarter earnings per share on a 15% revenue rise.

Analyst Victor Miller says the recent pullback in the stock price creates an attractive entry point for investors, particularly with the company poised to return to its position as the fastest growing radio company in the sector. He says Entercom has the best balance sheet in the industry, presenting a lower risk profile relative to its peers. Miller says an upgrade also reflects a significant change in the tone of the advertising market since early 2002; he now is expecting 10.5% EBITDA growth for 2002.

blog comments powered by Disqus