Townsquare Media Inc (TSQ) Receives Consensus Recommendation of “Hold” from Brokerages
Townsquare Media Inc (NYSE:TSQ) has earned an average rating of “Hold” from the eight brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $11.50.
Several research analysts have weighed in on the company. Jefferies Group reiterated a “buy” rating and issued a $13.00 price target on shares of Townsquare Media in a report on Tuesday, September 12th. Bank of America cut shares of Townsquare Media from a “buy” rating to an “underperform” rating in a research note on Friday, September 29th. Royal Bank of Canada reissued a “buy” rating and set a $12.00 price objective on shares of Townsquare Media in a research note on Friday, October 13th. ValuEngine cut shares of Townsquare Media from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Stephens cut shares of Townsquare Media from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 8th.
Townsquare Media (NYSE TSQ) opened at $7.51 on Wednesday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $144.12, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 2.51 and a beta of 1.56. Townsquare Media has a twelve month low of $7.00 and a twelve month high of $13.01.
Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.08). The business had revenue of $164.11 million during the quarter, compared to analyst estimates of $168.49 million. Townsquare Media had a net margin of 3.81% and a return on equity of 5.74%. equities research analysts anticipate that Townsquare Media will post 0.78 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of TSQ. GSA Capital Partners LLP acquired a new stake in shares of Townsquare Media in the 2nd quarter valued at about $114,000. Ameriprise Financial Inc. acquired a new stake in shares of Townsquare Media in the 2nd quarter valued at about $128,000. Prudential Financial Inc. acquired a new stake in shares of Townsquare Media in the 2nd quarter valued at about $135,000. Hancock Holding Co. raised its stake in shares of Townsquare Media by 10.5% in the 2nd quarter. Hancock Holding Co. now owns 18,258 shares of the company’s stock valued at $187,000 after purchasing an additional 1,740 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in shares of Townsquare Media in the 3rd quarter valued at about $187,000. Hedge funds and other institutional investors own 48.19% of the company’s stock.
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About Townsquare Media
Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.
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