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Enter Symbol:

up 39.93 %

AIRMEDIA GROUP INC (AMCN) rated Buy with price target $10 by Auriga U.S.A

Posted on: Wednesday,  Jan 19, 2011  8:25 AM ET by Auriga U.S.A

Auriga U.S.A rated Buy AIRMEDIA GROUP INC (NASDAQ: AMCN) on 01/19/2011. Previously Auriga U.S.A rated Buy AIRMEDIA GROUP INC (NASDAQ: AMCN) on
08/12/2010., when the stock price was $3.28. Since then, AIRMEDIA GROUP INC has gained 39.94% as of 01/15/2016's recent price of $4.59.
If you would have followed the previous Auriga U.S.A's recommendation on AMCN, you would have gained 39.93% of your investment in 1982 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).

Auriga is committed to providing our clients with market information flow, investment ideas and access to industry experts. We strive to provide value through unique industry knowledge. Our growing research practice is being built with domain experts who have a strong reputation amongst institutional investors. Auriga’s research analysts have also been recognized by numerous industry publications including, The Wall Street Journal and Bloomberg. Our bottom-up fundamental approach is data point driven with a primary focus on growth sectors within the technology and healthcare verticals.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/19/2011 8:25 AM Buy
7.23 10.00
as of 12/30/2011
1 Week up  8.03 %
1 Month up  9.00 %
3 Months up  45.78 %
1 YTD down  -47.31 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/13/2010 8:25 AM Buy
5.64 7.00
8/12/2010 8:25 AM Buy
3.28 4.50
4/22/2010 8:25 AM Hold
6.18 6.00

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