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Research analysts at Jefferies Group assumed coverage on shares of Townsquare Media (NYSE:TSQ) in a report released on Monday. The firm set a “buy” rating and a $17.00 price target on the stock. Jefferies Group’s price target points to a potential upside of 51.92% from the stock’s previous close.

Townsquare Media (NYSE:TSQ) opened at 11.19 on Monday. Townsquare Media has a one year low of $9.93 and a one 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 for the quarter.

In other Townsquare Media news, Director B James Ford acquired 102,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was purchased at an average cost of $10.90 per share, with a total value of $1,111,800.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through 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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