In a report released yesterday, Michael Kupinski from Noble Financial maintained a Buy rating on Salem Communications Corp (SALM), with a price target of $3.50. The company’s shares closed yesterday at $2.85.
According to TipRanks.com, Kupinski is a 1-star analyst with an average return of -1.4% and a 47.1% success rate. Kupinski covers the Services sector, focusing on stocks such as Tribune Publishing Co, 1-800 Flowers.com, and Cumulus Media Inc.
Currently, the analyst consensus on Salem Communications Corp is a Moderate Buy with an average price target of $3.50.
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The company has a one-year high of $6.25 and a one-year low of $2.03. Currently, Salem Communications Corp has an average volume of 48.03K.
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Salem Media Group, Inc. engages in the provision of media specializing in Christian and conservative content. It operates through the following segments: Broadcast, Digital Media and Publishing.
