Cumulus Media Inc. Reaches New 12-Month High at $8.19 (CMLS)
Cumulus Media (NASDAQ:CMLS)’s share price reached a new 52-week high during trading on Tuesday, StockRatingsNetwork.com reports. The stock traded as high as $8.19 and last traded at $8.00, with a volume of 1,487,140 shares traded. The stock had previously closed at $8.08.
Several analysts have recently commented on the stock. Analysts at Ascendiant Capital Markets initiated coverage on shares of Cumulus Media in a research note to investors on Tuesday, December 24th. They set a “buy” rating on the stock. Separately, analysts at Noble Financial raised their price target on shares of Cumulus Media from $8.00 to $9.00 in a research note to investors on Tuesday, December 17th. Finally, analysts at Thomson Reuters/Verus upgraded shares of Cumulus Media from a “sell” rating to a “hold” rating in a research note to investors on Monday, December 9th.
In other Cumulus Media news, Director Ba Capital Co Lp sold 200,000 shares of Cumulus Media stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $7.61, for a total transaction of $1,522,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Cumulus Media has a 1-year low of $2.61 and a 1-year high of $8.15. The stock has a 50-day moving average of $7.14 and a 200-day moving average of $5.45. The company’s market cap is $1.641 billion.
Cumulus Media (NASDAQ:CMLS) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.10 by $0.09. The company had revenue of $281.07 million for the quarter, compared to the consensus estimate of $280.51 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. Analysts expect that Cumulus Media will post $0.17 EPS for the current fiscal year.
Cumulus Media Inc (NASDAQ:CMLS) owns and operates commercial radio station clusters throughout the United States.
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