Zacks Investment Research upgraded shares of Townsquare Media (NYSE:TSQ) from a sell rating to a hold rating in a research report report published on Wednesday.
According to Zacks, “Townsquare Media, Inc. is a local media and entertainment company. It owns and operates radio, digital and live event properties in small to mid-sized markets across the country. Townsquare Media specializes in creating and distributing original entertainment, music and lifestyle content. Its assets include radio stations, local companion websites, and a streaming radio App called radioPup for iOS and Android, and live events. The Company owns FM and AM radio stations in markets in Colorado, Illinois, Indiana, Kentucky, Louisiana, Michigan, Minnesota, New York, and Texas. Townsquare Media, Inc. is based in United States. “
TSQ has been the subject of a number of other research reports. Stephens lowered shares of Townsquare Media from an overweight rating to an equal weight rating in a research report on Wednesday, November 8th. ValuEngine lowered shares of Townsquare Media from a buy rating to a hold rating in a research report on Thursday, November 9th. Royal Bank of Canada reissued a buy rating and issued a $12.00 price target on shares of Townsquare Media in a report on Friday, October 13th. Finally, Noble Financial reissued a buy rating on shares of Townsquare Media in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Townsquare Media presently has a consensus rating of Hold and an average price target of $11.67.
Townsquare Media (NYSE:TSQ) opened at $7.50 on Wednesday. The stock has a market cap of $138.21, a PE ratio of 11.36, a P/E/G ratio of 1.84 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 12-month low of $7.00 and a 12-month high of $13.01.
Townsquare Media (NYSE:TSQ) last announced its earnings results on Tuesday, November 7th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.08). The company had revenue of $164.11 million during the quarter, compared to the consensus estimate of $168.49 million. Townsquare Media had a net margin of 3.81% and a return on equity of 5.74%. equities analysts forecast that Townsquare Media will post 0.73 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of TSQ. GSA Capital Partners LLP acquired a new stake in Townsquare Media in the 2nd quarter valued at about $114,000. Ameriprise Financial Inc. acquired a new stake in Townsquare Media in the 2nd quarter valued at about $128,000. Prudential Financial Inc. acquired a new stake in Townsquare Media in the 2nd quarter valued at about $135,000. Macquarie Group Ltd. acquired a new stake in Townsquare Media in the 3rd quarter valued at about $187,000. Finally, Teachers Advisors LLC lifted its holdings in Townsquare Media by 10.5% in the 2nd quarter. Teachers Advisors LLC now owns 21,344 shares of the company’s stock valued at $219,000 after acquiring an additional 2,023 shares during the last quarter. 48.21% of the stock is owned by institutional investors.
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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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