In a report released yesterday, Michael Kupinski from Noble Financial maintained a Buy rating on Townsquare Media (NYSE: TSQ), with a price target of $11. The company’s shares closed yesterday at $7.90.
According to TipRanks.com, Kupinski has currently no stars on a ranking scale of 0-5 stars, with an average return of -4.3% and a 44.3% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, McClatchy Company, and Gray Television.
Currently, the analyst consensus on Townsquare Media is a Strong Buy with an average price target of $9.50, a 20.3% upside from current levels. In a report issued on August 8, 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 June 30, the company reported a quarterly net profit of $1.34 million. In comparison, last year the company had a net profit of $5.17 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.
