Townsquare Media, Inc. (TSQ) PT Lowered to $10.00

Townsquare Media, Inc. (NYSE:TSQ) had its target price lowered by Royal Bank Of Canada from $12.00 to $10.00 in a research note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 37.36% from the stock’s previous close.

A number of other research analysts have also commented on TSQ. Noble Financial reaffirmed a “buy” rating on shares of Townsquare Media in a research report on Friday, November 10th. ValuEngine lowered Townsquare Media from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Stephens lowered Townsquare Media from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 8th. Bank of America Corporation lowered Townsquare Media from a “buy” rating to an “underperform” rating in a research report on Friday, September 29th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $13.00 price target on shares of Townsquare Media in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Townsquare Media presently has an average rating of “Hold” and a consensus target price of $11.67.

Shares of Townsquare Media (NYSE:TSQ) opened at $7.28 on Monday. The firm has a market capitalization of $139.50, a PE ratio of 10.07, a P/E/G ratio of 2.34 and a beta of 1.74. Townsquare Media has a fifty-two week low of $7.25 and a fifty-two week high of $13.01. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.38.

Townsquare Media (NYSE:TSQ) last issued its earnings results on Tuesday, November 7th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.08). The company had revenue of $164.11 million for the quarter, compared to analysts’ expectations of $168.49 million. Townsquare Media had a net margin of 3.81% and a return on equity of 5.74%. equities analysts predict that Townsquare Media will post 0.81 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Townsquare Media, Inc. (TSQ) PT Lowered to $10.00” was originally posted by Markets Daily and is the property of of Markets Daily. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://www.themarketsdaily.com/2017/11/15/townsquare-media-inc-tsq-pt-lowered-to-10-00.html.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. TIAA CREF Investment Management LLC raised its position in shares of Townsquare Media by 4.1% in the 1st quarter. TIAA CREF Investment Management LLC now owns 33,663 shares of the company’s stock worth $410,000 after acquiring an additional 1,335 shares in the last quarter. Hancock Holding Co. raised its position in shares of Townsquare Media by 10.5% in the 2nd quarter. Hancock Holding Co. now owns 18,258 shares of the company’s stock worth $187,000 after acquiring an additional 1,740 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Townsquare Media by 10.5% in the 2nd quarter. Teachers Advisors LLC now owns 21,344 shares of the company’s stock worth $219,000 after acquiring an additional 2,023 shares in the last quarter. Delphi Management Inc. MA raised its position in shares of Townsquare Media by 2.8% in the 2nd quarter. Delphi Management Inc. MA now owns 86,764 shares of the company’s stock worth $888,000 after acquiring an additional 2,350 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Townsquare Media by 42.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 28,366 shares of the company’s stock worth $290,000 after acquiring an additional 8,401 shares in the last quarter. 48.42% of the stock is owned by institutional investors and hedge funds.

About Townsquare Media

Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.

Analyst Recommendations for Townsquare Media (NYSE:TSQ)

Receive News & Ratings for Townsquare Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Townsquare Media Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply