3 Media Stocks to Buy: Emmis Communications (EMMS)
Emmis Communications (EMMS) is a diversified media company that engages in radio broadcasting and magazine publishing operations. Although most of their operations are in the United States they also own and operate national radio networks in Slovakia and Bulgaria. They also publish various city and regional magazines, which include Texas Monthly, Los Angeles, Atlanta, Indianapolis Monthly, Cincinnati, Orange Coast, Country Sampler, and related magazines.
The company recently released earnings and for the full year operating income was $22.2 million, compared to $16.5 million in the prior year. The steady improvement in fundamentals resulted in the stock being upgraded two weeks ago to an “A” by Portfolio Grader. Shares of EMMS are a strong buy at the current level.