Townsquare Media Research Coverage Started at RBC Capital (TSQ)
Stock analysts at RBC Capital initiated coverage on shares of Townsquare Media (NYSE:TSQ) in a report issued on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $14.00 price target on the stock. RBC Capital’s target price points to a potential upside of 25.11% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Bank of America initiated coverage on shares of Townsquare Media in a research note on Monday. They set a “buy” rating and a $15.00 price target on the stock. 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) traded up 0.09% during mid-day trading on Monday, hitting $11.20. The stock had a trading volume of 24,247 shares. Townsquare Media has a 52 week low of $9.93 and a 52 week 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 $186.9 million and a P/E ratio of 43.54.
Townsquare Media (NYSE:TSQ) last announced its earnings results on Thursday, August 7th. The company reported $0.43 EPS for the quarter.
In other Townsquare Media news, Director B James Ford bought 102,000 shares of the stock on the open market in a transaction dated Monday, August 11th. The stock was purchased at an average cost of $10.90 per share, for a total transaction of $1,111,800.00. The transaction was disclosed in a filing with the SEC, 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.