Gilford Securities Reiterates Buy Rating on Radio One Inc. (ROIA)

Gilford Securities is out with a research report this afternoon, where it reiterates its Buy rating on Radio One Inc. ROIA; it has a $2.75 price target on the stock. The DR analysts cited the company's recent earnings release, which was inline with their expectations. They noted that the potential plusses of ROIA's cross-platform prospects and recent improvements are generally positive, with the offset by concern over high debt leverage and uncertain management moves. Yet, even with the slow-ramp economy, the ongoing ad rebound should boost ROIAK's top-line and enhance margins ‘11E-‘12E, especially in web & cable. As for valuation, the analysts remarked, “Eventually, ROIAK's valuation will be best viewed by sum of parts, to value its diverse mix, when TV One is consolidated in H2E.”