ValuEngine lowered shares of Townsquare Media (NYSE:TSQ) from a buy rating to a hold rating in a research note published on Sunday morning.
Other equities research analysts also recently issued reports about the company. Jefferies Group restated a buy rating and issued a $13.00 target price on shares of Townsquare Media in a research report on Tuesday, September 12th. Royal Bank of Canada restated a buy rating and issued a $12.00 target price on shares of Townsquare Media in a research report on Friday, October 13th. Noble Financial reiterated a buy rating on shares of Townsquare Media in a research report on Friday, November 10th. Stephens downgraded Townsquare Media from an overweight rating to an equal weight rating in a research report on Wednesday, November 8th. Finally, Bank of America downgraded Townsquare Media from a buy rating to an underperform rating in a research report on Friday, September 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $11.67.
Shares of Townsquare Media (NYSE:TSQ) traded up $0.08 during mid-day trading on Friday, reaching $7.68. The company had a trading volume of 49,100 shares, compared to its average volume of 60,490. The company has a market cap of $141.90, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 2.62 and a beta of 1.56. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.24 and a quick ratio of 2.24. Townsquare Media has a 1-year low of $7.00 and a 1-year high of $13.01.
Townsquare Media (NYSE:TSQ) last released its earnings results on Tuesday, November 7th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.08). The firm had revenue of $164.11 million during the quarter, compared to analyst estimates of $168.49 million. Townsquare Media had a return on equity of 5.74% and a net margin of 3.81%. sell-side analysts forecast that Townsquare Media will post 0.73 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in TSQ. GSA Capital Partners LLP acquired a new stake in shares of Townsquare Media during the 2nd quarter valued at $114,000. Ameriprise Financial Inc. acquired a new stake in Townsquare Media during the 2nd quarter valued at $128,000. Prudential Financial Inc. acquired a new stake in Townsquare Media during the 2nd quarter valued at $135,000. Hancock Holding Co. raised its stake in Townsquare Media by 10.5% during 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 during the period. Finally, Macquarie Group Ltd. acquired a new stake in Townsquare Media during the 3rd quarter valued at $187,000. Institutional investors own 48.19% of the company’s stock.
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Townsquare Media Company Profile
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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