Townsquare Media, Inc. Class A (NYSE:TSQ):
Townsquare Announces Conference Call To Discuss Third Quarter 2016 Results; Presenting At Upcoming Investor Conferences.
The company is now down from yesterday’s close of $8.62.
It is trading at $8.51 which is just a bit below $9.26, the stock’s 50 day moving average and which is marginally lower than the 200 day moving average of $9.10. The 50 day moving average went down $-0.75 or -8.11% and the 200 day average was down $-0.59.
Townsquare Media, Inc. Class A currently has a P/E ratio of 12.11 and the market value is 156.53M. In the latest earnings report the EPS was $0.70 and is projected to be $1.11 for the current year with 18,394,000 shares now outstanding. Next quarter’s EPS is estimated at $0.26 with next year’s EPS anticipated to be $1.23.
A few investment analysts have issued ratings on Townsquare Media, Inc. Class A . Stephens & Co. began coverage setting a rating of “Overweight” and projecting a price target of $13.00. On January 28 analysts at Barrington Research started covering the stock with an initial rating of “Outperform” and establishing a price target of $16.00.
On August 18, 2014 Jefferies initiated coverage on TSQ with a rating of “Buy” and setting a price target of $17.00. Equity analyst RBC Capital started covering TSQ giving it an initial rating of “Outperform” and a price target of $14.00.
On August 18, 2014 Guggenheim Securities initiated coverage by announcing an initial rating of “Buy” and price target of $14.00.