Zacks Investment Research upgraded shares of Townsquare Media (NYSE:TSQ) from a sell rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “Townsquare Media, Inc. is a local media and entertainment company. It owns and operates radio, digital and live event properties in small to mid-sized markets across the country. Townsquare Media specializes in creating and distributing original entertainment, music and lifestyle content. Its assets include radio stations, local companion websites, and a streaming radio App called radioPup for iOS and Android, and live events. The Company owns FM and AM radio stations in markets in Colorado, Illinois, Indiana, Kentucky, Louisiana, Michigan, Minnesota, New York, and Texas. Townsquare Media, Inc. is based in United States. “

TSQ has been the subject of several other research reports. Stephens lowered shares of Townsquare Media from an overweight rating to an equal weight rating in a report on Wednesday, November 8th. ValuEngine downgraded shares of Townsquare Media from a buy rating to a hold rating in a research note on Thursday, November 9th. Royal Bank of Canada restated a buy rating and set a $12.00 price objective on shares of Townsquare Media in a research note on Friday, October 13th. Finally, Noble Financial reaffirmed a buy rating on shares of Townsquare Media in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $11.67.

Townsquare Media (TSQ) opened at $6.65 on Tuesday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.38. Townsquare Media has a one year low of $6.28 and a one year high of $13.01. The stock has a market cap of $122.32, a P/E ratio of 10.08, a PEG ratio of 1.63 and a beta of 1.43.

Townsquare Media (NYSE:TSQ) last issued its 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). The business had revenue of $164.11 million for the quarter, compared to the consensus estimate of $168.49 million. Townsquare Media had a net margin of 3.81% and a return on equity of 5.74%. sell-side analysts forecast that Townsquare Media will post 0.73 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in TSQ. GSA Capital Partners LLP bought a new position in shares of Townsquare Media during the second quarter valued at $114,000. Ameriprise Financial Inc. bought a new stake in Townsquare Media in the second quarter valued at $128,000. Prudential Financial Inc. bought a new stake in Townsquare Media in the second quarter valued at $135,000. Macquarie Group Ltd. acquired a new position in shares of Townsquare Media during the third quarter valued at about $187,000. Finally, Teachers Advisors LLC grew its holdings in shares of Townsquare Media by 10.5% during the second quarter. Teachers Advisors LLC now owns 21,344 shares of the company’s stock valued at $219,000 after buying an additional 2,023 shares during the last quarter. 48.21% of the stock is owned by hedge funds and other institutional investors.

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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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