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Noble Financial analyst Michael Kupinski maintained a Buy rating on Salem Communications Corp (NASDAQ: SALM) yesterday. The company’s shares closed yesterday at $3.25, close to its 52-week low of $3.10.
According to TipRanks.com, Kupinski has currently no stars on a ranking scale of 0-5 stars, with an average return of -9.9% and a 30.7% success rate. Kupinski covers the Services sector, focusing on stocks such as Entercom Communications, 1-800 Flowers.com, and McClatchy Company.
Salem Communications Corp has an analyst consensus of Moderate Buy.
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Based on Salem Communications Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $828K. In comparison, last year the company had a net profit of $1.06 million.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
