Gilford Securities Reiterates Buy On Entercom (ETM)

Gilford Securities is reiterating its Buy rating on Entercom Comm. ETM, after the company reported earnings. In a research note to clients, Gilford writes, " For the 2nd straight time when the stronger ETM markets were noted, not one of the Big 4 markets were mentioned (Boston, SF, Port. or Seattle). When markets like Scranton-Wilkes Barre and Rochester are the leaders among big market ETM's leaders' list, that's not good, in our view. Rates, via higher cost-per-points are firming up in the mid-term, which bodes well for 2011E." Shares of ETM are down 20 cents this afternoon to $8.18, a loss of 2.4%.