Noble Financial Maintains a Buy Rating on Cumulus Media (CMLS)
Noble Financial analyst Michael Kupinski maintained a Buy rating on Cumulus Media (CMLS) today and set a price target of $9.00. The company’s shares closed last Thursday at $5.69.
According to TipRanks.com, Kupinski has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -9.2% and a 34.4% success rate. Kupinski covers the Services sector, focusing on stocks such as Esports Entertainment Group, Tribune Publishing Co, and Salem Communications.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cumulus Media with a $7.50 average price target.
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The company has a one-year high of $18.15 and a one-year low of $3.00. Currently, Cumulus Media has an average volume of 125.1K.
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Cumulus Media, Inc. engages in the business of radio broadcasting. It operates through the following segments: Radio Station Group, Westwood One, and Corporate and Other. The Radio Station Group segment includes the sale of broadcasting time to local, regional, and national advertisers. The Westwood One segment covers the revenues generated primarily through network advertising. The Corporate and Other segment consists of the overall executive, administrative, and support functions for each of the company’s reportable segments, including finance and administration, legal, human resources, and information technology functions. The company is headquartered in Atlanta, GA.