Townsquare Media, Inc. (NYSE:TSQ)‘s stock had its “buy” rating restated by equities research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday. They presently have a $12.00 price target on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 19.17% from the stock’s previous close.
Several other equities research analysts have also weighed in on TSQ. Zacks Investment Research raised Townsquare Media from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Wednesday, July 19th. Noble Financial reissued a “buy” rating on shares of Townsquare Media in a report on Friday, August 11th. Jefferies Group LLC reissued a “buy” rating and issued a $13.00 price objective on shares of Townsquare Media in a report on Tuesday, September 12th. Finally, Bank of America Corporation lowered Townsquare Media from a “buy” rating to an “underperform” rating in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.33.
Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Townsquare Media had a return on equity of 6.85% and a net margin of 4.11%. The firm had revenue of $140.66 million during the quarter, compared to analysts’ expectations of $141.49 million.
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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