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Enter Symbol:

down 41.00 %

AIRMEDIA GROUP INC (AMCN) upgraded to Buy with price target $10 by Global Hunter Securities

Posted on: Wednesday,  Mar 3, 2010  2:25 PM ET by Global Hunter Securities

Global Hunter Securities rated Buy AIRMEDIA GROUP INC (NASDAQ: AMCN) on 03/03/2010, when the stock price was $7.78.
Since then, AIRMEDIA GROUP INC has lost 41.00% as of 01/15/2016's recent price of $4.59.
If you would have followed this Global Hunter Securities's recommendation on AMCN, you would have lost 41% of your investment in 2144 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).

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/3/2010 2:25 PM Buy
7.78 10.00
as of 12/31/2010
1 Week up  13.17 %
1 Month up  3.18 %
3 Months up  20.43 %
1 YTD down  -8.35 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/18/2009 10:25 AM Hold
6.50 7.00

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