Cumulus Media Inc. (CMLS) Upgraded by Zacks Investment Research to Strong-Buy

Zacks Investment Research upgraded shares of Cumulus Media Inc. (NASDAQ:CMLS) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday morning. Zacks Investment Research currently has $0.25 price target on the stock.

According to Zacks, “Cumulus Media, Inc. is a radio broadcasting company focused on acquiring, operating and developing radio stations in mid-size radio markets in the United States. They provide sales and marketing services under local marketing, management and consulting agreements. “

Separately, Noble Financial reiterated a hold rating on shares of Cumulus Media in a research note on Tuesday, August 15th.

Cumulus Media (NASDAQ:CMLS) traded up $0.02 during mid-day trading on Wednesday, hitting $0.29. 905,066 shares of the stock traded hands, compared to its average volume of 436,309. Cumulus Media has a one year low of $0.22 and a one year high of $1.61. The firm has a market cap of $7.74, a PE ratio of 1.02 and a beta of 3.58. The company has a debt-to-equity ratio of -4.71, a current ratio of 4.01 and a quick ratio of 5.09.

Cumulus Media (NASDAQ:CMLS) last announced its quarterly earnings data on Monday, August 14th. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. Cumulus Media had a negative net margin of 47.67% and a negative return on equity of 1.60%. The firm had revenue of $290.53 million during the quarter, compared to analysts’ expectations of $288.00 million. equities research analysts forecast that Cumulus Media will post -0.16 earnings per share for the current year.

WARNING: “Cumulus Media Inc. (CMLS) Upgraded by Zacks Investment Research to Strong-Buy” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2017/11/16/cumulus-media-inc-cmls-upgraded-by-zacks-investment-research-to-strong-buy.html.

An institutional investor recently raised its position in Cumulus Media stock. Renaissance Technologies LLC lifted its stake in Cumulus Media Inc. (NASDAQ:CMLS) by 65.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 334,805 shares of the company’s stock after purchasing an additional 132,100 shares during the period. Renaissance Technologies LLC owned approximately 1.14% of Cumulus Media worth $107,000 as of its most recent SEC filing. Institutional investors and hedge funds own 61.71% of the company’s stock.

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.

Receive News & Ratings for Cumulus Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cumulus Media Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply