Royal Bank Of Canada Analysts Give Townsquare Media, Inc. (TSQ) a $13.00 Price Target

Royal Bank Of Canada set a $13.00 price target on Townsquare Media, Inc. (NYSE:TSQ) in a research report report published on Tuesday, July 18th. The firm currently has a buy rating on the stock.

Shares of Townsquare Media (TSQ) traded up 3.52% during midday trading on Tuesday, hitting $10.30. 56,475 shares of the company were exchanged. Townsquare Media has a one year low of $8.12 and a one year high of $13.01. The firm has a market cap of $190.32 million, a P/E ratio of 13.64 and a beta of 1.73. The company’s 50 day moving average price is $10.60 and its 200 day moving average price is $10.93.

Townsquare Media (NYSE:TSQ) last announced its earnings results on Wednesday, August 9th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $140.66 million for the quarter, compared to analyst estimates of $141.49 million. Townsquare Media had a return on equity of 6.85% and a net margin of 4.11%. Equities analysts expect that Townsquare Media will post $0.98 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by BNB Daily and is owned by of BNB Daily. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://www.baseball-news-blog.com/2017/08/13/townsquare-media-inc-tsq-given-a-13-00-price-target-at-royal-bank-of-canada-updated-updated-updated.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in TSQ. Martingale Asset Management L P increased its position in shares of Townsquare Media by 31.0% in the first quarter. Martingale Asset Management L P now owns 102,254 shares of the company’s stock worth $1,246,000 after buying an additional 24,206 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Townsquare Media by 406.3% in the first quarter. Gamco Investors INC. ET AL now owns 50,627 shares of the company’s stock worth $617,000 after buying an additional 40,627 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Townsquare Media by 43.2% in the first quarter. Bank of New York Mellon Corp now owns 86,798 shares of the company’s stock worth $1,057,000 after buying an additional 26,179 shares during the last quarter. Boston Partners purchased a new stake in shares of Townsquare Media during the first quarter worth approximately $530,000. Finally, Algert Global LLC raised its stake in shares of Townsquare Media by 158.6% in the first quarter. Algert Global LLC now owns 121,035 shares of the company’s stock worth $1,474,000 after buying an additional 74,229 shares during the last quarter. 48.42% of the stock is currently owned by hedge funds and other institutional investors.

Townsquare Media Company Profile

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.

Receive News & Ratings for Townsquare Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Townsquare Media Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply