Townsquare Media (TSQ) Earning Somewhat Favorable Press Coverage, Study Finds
Media coverage about Townsquare Media (NYSE:TSQ) has trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Townsquare Media earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.2546222266132 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several research analysts have recently weighed in on TSQ shares. Stephens cut Townsquare Media from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 8th. ValuEngine cut Townsquare Media from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Noble Financial restated a “buy” rating on shares of Townsquare Media in a report on Friday, November 10th. Royal Bank of Canada lowered their target price on Townsquare Media from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Monday, November 13th. Finally, Zacks Investment Research upgraded Townsquare Media from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.67.
Townsquare Media (TSQ) traded up $0.13 on Monday, reaching $6.78. The company had a trading volume of 44,410 shares, compared to its average volume of 54,318. Townsquare Media has a 12-month low of $6.28 and a 12-month high of $13.01. The firm has a market capitalization of $122.87, a PE ratio of 10.27, a PEG ratio of 1.64 and a beta of 1.43. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.38.
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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