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Enter Symbol:
 
AIRMEDIA GROUP INC (AMCN) [hlAlert]

Rating:
Buy AMCN
up 1.10 %

AIRMEDIA GROUP INC (AMCN) rated Buy by Piper Jaffray

Posted on: Tuesday,  Dec 23, 2008  8:25 AM ET by Piper Jaffray

Piper Jaffray rated Buy AIRMEDIA GROUP INC (NASDAQ: AMCN) on 12/23/2008, when the stock price was $4.54. Since
then, AIRMEDIA GROUP INC has gained 1.10% as of 01/15/2016's recent price of $4.59.
If you would have followed this Piper Jaffray's recommendation on AMCN, you would have gained 1.1% of your investment in 2579 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).

At Piper Jaffray, we understand there’s no substitute for relevant and timely research. That's why we provide: * fundamental and technical research * value-added investment ideas * market analysis With the information our research team provides, you’ll make better and more informed decisions for your portfolio.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/23/2008 8:25 AM Buy
None
4.54
as of 12/24/2008
1 Week up  16.45 %
1 Month   
3 Months   
1 YTD up  16.45 %

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