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Enter Symbol:

down 75.16 %

AIRMEDIA GROUP INC (AMCN) rated Outperform with price target $20 by Oppenheimer

Posted on: Tuesday,  Sep 9, 2008  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform AIRMEDIA GROUP INC (NASDAQ: AMCN) on 09/09/2008. Previously Oppenheimer rated Outperform AIRMEDIA GROUP INC (NASDAQ: AMCN) on 02/29/2008.,
when the stock price was $18.48. Since then, AIRMEDIA GROUP INC has lost 75.16% as of 01/15/2016's recent price of $4.59.
If you would have followed the previous Oppenheimer's recommendation on AMCN, you would have lost 75.16% of your investment in 2877 days.

AirMedia Group Inc. (AirMedia) operates a digital media network in China dedicated to air travel advertising. As of March 1, 2009, the Company operated 2,428 digital frames and 2,752 digital television screens in airports and place its programs on 49,482 digital television screens on airplanes. AirMedia operates its advertising business through its consolidated variable interest entities and their subsidiaries in China. The Company has contractual concession rights to operate digital frames in 26 airports in China. As of March 1, 2009, it operated 2,428 digital frames in 22 airports. As of March 1, 2009, it had contractual concession rights to operate digital television screens in 51 airports, including all of the 30 largest airports in China. In July 2008, the Company acquired the advertising business on gate bridges in several airports by purchasing Excel Lead International Limited (Excel Lead) and a 80% of the interest in Flying Dragon Media Advertising Co., Ltd., (Flying Dragon).

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/9/2008 8:25 AM Buy
11.00 20.00
as of 12/24/2008
1 Week up  12.92 %
1 Month up  33.09 %
3 Months up  13.84 %
1 YTD up  16.45 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/29/2008 8:25 AM Buy
18.48 25.00

(*) Stock Price at the time of the recommendation.
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