Salem Communications Corp (SALM) Gets a Buy Rating from Noble Financial

By Carrie Williams

Noble Financial analyst Michael Kupinski maintained a Buy rating on Salem Communications Corp (SALMResearch Report) yesterday and set a price target of $3.25. The company’s shares closed last Monday at $1.91, close to its 52-week low of $1.81.

According to TipRanks.com, Kupinski ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -5.2% and a 35.9% success rate. Kupinski covers the Services sector, focusing on stocks such as Tribune Publishing Co, 1-800 Flowers.com, and Cumulus Media Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Salem Communications Corp with a $3.25 average price target.

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The company has a one-year high of $4.24 and a one-year low of $1.81. Currently, Salem Communications Corp has an average volume of 80.53K.

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Salem Media Group, Inc. engages in the provision of media specializing in Christian and conservative content. It operates through the following segments: Broadcast, Digital Media and Publishing. The Broadcast segment owns and operates radio stations in large metropolitan markets, which includes national and local programming content.