Townsquare Media Coverage Initiated at Guggenheim (TSQ)
Research analysts at Guggenheim assumed coverage on shares of Townsquare Media (NYSE:TSQ) in a report released on Monday. The firm set a “buy” rating and a $14.00 price target on the stock. Guggenheim’s price target indicates a potential upside of 25.11% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital initiated coverage on shares of Townsquare Media in a research note on Monday. They set an “outperform” rating and a $14.00 price target on the stock. Separately, analysts at Bank of America initiated coverage on shares of Townsquare Media in a research note on Monday. They set a “buy” rating on the stock. Finally, 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.
In other Townsquare Media news, Director B James Ford acquired 102,000 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were purchased at an average price of $10.90 per share, with a total value of $1,111,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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’s 50-day moving average is $10.84 and its 200-day moving average is $10.84. The company has a market cap of $186.7 million and a P/E ratio of 42.49.
Townsquare Media (NYSE:TSQ) last announced its earnings results on Thursday, August 7th. The company reported $0.43 EPS for the quarter.
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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