Townsquare Media Inc. (TSQ) Trading Down 3.5%
Townsquare Media Inc. (NYSE:TSQ) was down 3.5% during trading on Friday . The company traded as low as $8.13 and last traded at $8.18, with a volume of 54,405 shares changing hands. The stock had previously closed at $8.48.
A number of equities research analysts have commented on TSQ shares. Macquarie downgraded Townsquare Media from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $12.00 to $9.00 in a report on Monday, May 23rd. Zacks Investment Research downgraded Townsquare Media from a “hold” rating to a “sell” rating in a report on Wednesday, July 13th.
The firm’s 50-day moving average price is $8.35 and its 200 day moving average price is $9.66. The stock has a market capitalization of $150.46 million and a price-to-earnings ratio of 23.37.
Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.08) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.08). On average, equities analysts forecast that Townsquare Media Inc. will post $1.17 EPS for the current 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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