Somewhat Positive Media Coverage Somewhat Unlikely to Affect Townsquare Media (TSQ) Stock Price
Media coverage about Townsquare Media (NYSE:TSQ) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Townsquare Media earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.5564448635365 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Townsquare Media (NYSE:TSQ) opened at 10.20 on Wednesday. The stock’s 50 day moving average is $10.32 and its 200-day moving average is $10.79. Townsquare Media has a one year low of $8.12 and a one year high of $13.01. The company has a market cap of $188.48 million, a PE ratio of 13.51 and a beta of 1.74.
Townsquare Media (NYSE:TSQ) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $140.66 million for the quarter, compared to analysts’ expectations of $141.49 million. Townsquare Media had a net margin of 4.11% and a return on equity of 6.85%. Equities research analysts expect that Townsquare Media will post $0.95 earnings per share for the current year.
A number of analysts have recently commented on TSQ shares. Zacks Investment Research upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Wednesday, July 19th. Noble Financial restated a “buy” rating on shares of Townsquare Media in a report on Friday, August 11th. Jefferies Group LLC restated a “buy” rating and set a $13.00 target price on shares of Townsquare Media in a report on Tuesday. Finally, Royal Bank Of Canada set a $13.00 target price on shares of Townsquare Media and gave the company a “buy” rating in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $12.67.
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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.
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