RBC Capital Keeps Their Buy Rating on Townsquare Media

By Jason Carr

In a report issued on October 11, Leo Kulp from RBC Capital reiterated a Buy rating on Townsquare Media (NYSE: TSQ), with a price target of $12. The company’s shares opened today at $10.08.

According to TipRanks.com, Kulp is a 3-star analyst with an average return of 4.4% and a 56.4% success rate. Kulp covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, Regal Entertainment, and National Cinemedia.

Townsquare Media has an analyst consensus of Strong Buy, with a price target consensus of $12.50.

Based on Townsquare Media’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $141 million and quarterly net profit of $5.17 million. In comparison, last year the company earned revenue of $166 million and had a net profit of $15.82 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Townsquare Media, Inc. is a local media and entertainment and digital marketing services company, which owns and operates radio stations, digital and social properties and live events in small and mid-sized markets across the United States. It creates and distributes original entertainment, music and lifestyle content.