Somewhat Positive News Coverage Somewhat Unlikely to Impact Cumulus Media (CMLS) Share Price
News stories about Cumulus Media (NASDAQ:CMLS) have been trending somewhat positive on Monday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cumulus Media earned a news impact score of 0.01 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.0376901914769 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- RSI Move: Cumulus Media Inc. (CMLS) stock trades in oversold area – Voice Of Analysts (analystsbuzz.com)
- Tune In To 107% YTM With Cumulus Media May 2019 Bonds … – Seeking Alpha (seekingalpha.com)
- WSJ: Cumulus Media in talks to restructure debt (seekingalpha.com)
- Focus on Oversold Mover: Cumulus Media Inc. (CMLS) – Wall Street Morning (wallstreetmorning.com)
- Needle Action Activity Spotted in Cumulus Media Inc (CMLS) and Wheeler Real Estate (WHLR) – Akron Register (akronregister.com)
A number of equities research analysts have weighed in on CMLS shares. Noble Financial reaffirmed a “hold” rating on shares of Cumulus Media in a research report on Tuesday, August 15th. Zacks Investment Research raised Cumulus Media from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th.
Cumulus Media (CMLS) traded down 1.1875% during mid-day trading on Monday, hitting $0.3162. The company had a trading volume of 138,912 shares. The company has a 50-day moving average price of $0.41 and a 200 day moving average price of $0.41. Cumulus Media has a 52-week low of $0.22 and a 52-week high of $2.80. The company’s market capitalization is $9.27 million.
Cumulus Media (NASDAQ:CMLS) last issued its quarterly earnings results on Monday, August 14th. The company reported $0.19 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $290.53 million for the quarter, compared to analysts’ expectations of $288.00 million. On average, analysts forecast that Cumulus Media will post ($0.37) EPS for the current fiscal year.
Cumulus Media Company Profile
Cumulus Media Inc (Cumulus) is a radio broadcasting company. The Company is also a provider of country music and lifestyle content through its NASH brand, which serves through radio programming, NASH Country Weekly magazine and live events. Its product lines include broadcast advertising, digital advertising, political advertising and non-advertising based license fees.
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