Noble Financial Assigns a Buy Rating on Townsquare Media

Noble Financial analyst Michael Kupinski assigned a Buy rating to Townsquare Media (NYSE: TSQ) yesterday and set a price target of $11. The company’s shares closed yesterday at $6.36, close to its 52-week low of $6.26.

According to TipRanks.com, Kupinski has 0 stars on 0-5 star ranking scale with an average return of -8.5% and a 34.0% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, Entercom Communications, and 1-800 Flowers.com.

Currently, the analyst consensus on Townsquare Media is Strong Buy and the average price target is $10, representing a 57.2% upside.

In a report issued on May 14, Barrington also maintained a Buy rating on the stock with a $10 price target.

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The company has a one-year high of $11.63 and a one-year low of $6.26. Currently, Townsquare Media has an average volume of 69.3K.

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Townsquare Media, Inc. is a local media and entertainment and digital marketing services company. It owns and operates radio stations, digital and social properties and live events in small and mid-sized markets across the United States. The firm creates and distributes original entertainment, music and lifestyle content.