Entercom Stock Inches Upward On Strong Q1 News


Entercom Communications shares were largely up in Tuesday’s trading, following the pre-market release of its Q1 earnings, which were upbeat.

However, ETM didn’t rocket ahead and is down in after-hours trading on NYSE.

Entercom is presently at $6.88, thanks to a 1.8% gain on slightly higher than average trading.

With today’s gain, ETM has now rebounded to pricing last seen on February 26.

Perhaps more importantly, it is now above where it started the year — $5.95 per share — for nearly a month.

That makes Entercom a much stronger performer than Beasley Media Group, which saw its BBGI shares dip 3.7% to $3.67 some 24 hours after it released its Q1 earnings results.

Also down: Townsquare Media, which has its shares now at $5.65 thanks to a 3.1% dip on Tuesday.