U.S. financial markets fell on Thursday, but activity among media companies was mixed. Nexstar Media Group enjoyed a gain, as did Emmis, while Entercom and Entravision each suffered downturns.
Nexstar made another spurt forward after suffering a recent dip that brought shares to their lowest level since mid-October. With Thursday’s Closing Bell, NXST is at $67.35.
Meanwhile, Emmis moved back in the right direction — and toward another new three-year high. On lower-than-average trading, the company’s shares finished ahead by 19 cents, to $5.70.
For Entercom, the woes on Wall Street continue. ETM finished Thursday’s trading at levels not seen since the end of 2012 — falling 20 cents to $7.25. In immediate after-hours trading Entercom was up 8 cents to $7.33.
The 1-year target price for Entercom is $13.67.
At Entravision, the situation is not much better, with shares falling 3.5%, to $4.15. This puts EVC at a price last seen in mid-September 2014.
Entravision as a 1-year target price of $9.00.