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 $6.49, close to its 52-week low of $6.26.
According to TipRanks.com, Kupinski is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -8.4% 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 54.1% 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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Based on Townsquare Media’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $26.83 million. In comparison, last year the company had a GAAP net loss of $3.05 million.
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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.
