Townsquare Media Receives New Coverage from Analysts at Macquarie (TSQ)
Townsquare Media (NYSE:TSQ) remained flat at $11.40 during during mid-day trading trading on Thursday. The stock had a trading volume of 69,472 shares. Townsquare Media has a one year low of $9.93 and a one year high of $11.45. The stock has a 50-day moving average of $10.9 and a 200-day moving average of $10.9. The company has a market cap of $190.2 million and a price-to-earnings ratio of 44.36.
Townsquare Media (NYSE:TSQ) last released its earnings data on Thursday, August 7th. The company reported $0.43 earnings per share (EPS) for the quarter. On average, analysts predict that Townsquare Media will post $-1.03 earnings per share for the current fiscal year.
In other Townsquare Media news, Director B James Ford purchased 102,000 shares of the company’s 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on TSQ. Analysts at Guggenheim initiated coverage on shares of Townsquare Media in a research note on Monday. They set a “buy” rating and a $14.00 price target on the stock. Separately, 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. Finally, 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. Five research analysts have rated the stock with a buy rating, Townsquare Media has an average rating of “Buy” and an average target price of $15.00.
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.
Receive News & Ratings for Townsquare Media LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Townsquare Media LLC and related companies with Analyst Ratings Network's FREE daily email newsletter.