Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Townsquare Media (TSQ) Stock Price
Headlines about Townsquare Media (NYSE:TSQ) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Townsquare Media earned a news impact score of 0.04 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.5725818880574 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities analysts recently issued reports on TSQ shares. Zacks Investment Research downgraded Townsquare Media from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Noble Financial reissued a “buy” rating on shares of Townsquare Media in a research report on Friday, August 11th. Jefferies Group reissued a “buy” rating and issued a $13.00 target price on shares of Townsquare Media in a research report on Tuesday, September 12th. Bank of America downgraded Townsquare Media from a “buy” rating to an “underperform” rating in a research report on Friday, September 29th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $12.00 target price on shares of Townsquare Media in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.67.
Shares of Townsquare Media (TSQ) opened at $8.13 on Tuesday. Townsquare Media has a 1-year low of $7.00 and a 1-year high of $13.01. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market cap of $149.68, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 2.52 and a beta of 1.56.
Townsquare Media (NYSE:TSQ) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.08). Townsquare Media had a net margin of 3.81% and a return on equity of 5.74%. The business had revenue of $164.11 million during the quarter, compared to analysts’ expectations of $168.49 million. equities research analysts anticipate that Townsquare Media will post 0.78 EPS for the current year.
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Townsquare Media Company Profile
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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