Townsquare Media Sets New 52-Week High at $11.45 (TSQ)
Townsquare Media (NYSE:TSQ) shares hit a new 52-week high during mid-day trading on Tuesday , ARN reports. The company traded as high as $11.45 and last traded at $11.34, with a volume of 34,828 shares trading hands. The stock had previously closed at $11.35.
A number of analysts have recently weighed in on TSQ shares. Analysts at Macquarie initiated coverage on shares of Townsquare Media in a research note on Thursday, August 21st. They set an “outperform” rating on the stock. Separately, analysts at Guggenheim initiated coverage on shares of Townsquare Media in a research note on Monday, August 18th. They set a “buy” rating and a $14.00 price target on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Townsquare Media in a research note on Monday, August 18th. They set an “outperform” rating and a $14.00 price target on the stock. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $15.00.
The stock’s 50-day moving average is $11.02 and its 200-day moving average is $11.02. The company has a market cap of $189.5 million and a price-to-earnings ratio of 44.16.
Townsquare Media (NYSE:TSQ) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.43 earnings per share for the quarter. On average, analysts predict that Townsquare Media will post $1.14 earnings per share for the current fiscal year.
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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