Entercom shares finished the week on a strong note, as shares rose 3.4% to $6.62 in Friday’s trading on NYSE.
The radio broadcasting company benefited from strong session-long growth, on lower than average volume of 957,272 shares.
With a 1-year target price of $8.50, all signs point to achieving this goal by the end of 2020, if not sooner.
Entercom is in strong rebound mode, recovering from a year-to-date $5.24 a share, seen on March 28.
The company releases its Q1 2019 earnings results on Tuesday (4/30).