Townsquare Media Inc. (TSQ) Trading Down 3.5%
Shares of Townsquare Media Inc. (NYSE:TSQ) dropped 3.5% during trading on Friday . The stock traded as low as $8.13 and last traded at $8.18, with a volume of 54,405 shares. The stock had previously closed at $8.48.
Several research firms recently commented on TSQ. Zacks Investment Research upgraded Townsquare Media from a “sell” rating to a “hold” rating in a research report on Thursday, April 28th. Macquarie downgraded Townsquare Media from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $12.00 to $9.00 in a research report on Monday, May 23rd.
The stock has a 50-day moving average price of $8.35 and a 200 day moving average price of $9.66. The firm has a market cap of $150.46 million and a P/E ratio of 23.37.
Townsquare Media (NYSE:TSQ) last posted its earnings results on Tuesday, May 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). Analysts forecast that Townsquare Media Inc. will post $1.17 EPS for the current fiscal year.
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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