Bank of America Begins Coverage on Townsquare Media (TSQ)
Separately, analysts at Jefferies Group initiated coverage on shares of Townsquare Media in a research note on Monday. They set a “buy” rating and a $17.00 price target on the stock.
Townsquare Media (NYSE:TSQ) opened at 11.19 on Monday. Townsquare Media has a 1-year low of $9.93 and a 1-year high of $11.20. The stock has a 50-day moving average of $10.84 and a 200-day moving average of $10.84. The company has a market cap of $186.7 million and a price-to-earnings ratio of 42.49.
Townsquare Media (NYSE:TSQ) last announced its earnings results on Thursday, August 7th. The company reported $0.43 earnings per share (EPS) for the quarter.
In other Townsquare Media news, Director B James Ford bought 102,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $10.90 per share, for a total transaction of $1,111,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Townsquare Media, LLC is an integrated and diversified media and entertainment company. The Company owns and operates radio stations, digital and social properties and live events in small and mid-sized markets across the United States, delivering to the communities it serves on a local level.
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