Townsquare Media Inc. (TSQ) Sees Strong Trading Volume
Townsquare Media Inc. (NYSE:TSQ) saw unusually-high trading volume on Monday . Approximately 86,927 shares were traded during trading, an increase of 30% from the previous session’s volume of 66,995 shares.The stock last traded at $8.15 and had previously closed at $8.18.
TSQ has been the topic of several recent research reports. Macquarie cut Townsquare Media from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $12.00 to $9.00 in a report on Monday, May 23rd. Zacks Investment Research upgraded Townsquare Media from a “sell” rating to a “hold” rating in a report on Thursday, April 28th.
The company has a market cap of $149.91 million and a P/E ratio of 23.29. The firm’s 50 day moving average is $8.32 and its 200-day moving average is $9.64.
Townsquare Media (NYSE:TSQ) last posted its earnings results on Tuesday, May 10th. The company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). Equities research analysts forecast that Townsquare Media Inc. will post $1.17 earnings per share 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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