Townsquare Media (TSQ) Receives a Buy from Noble Financial

By Ryan Adsit

Noble Financial analyst Michael Kupinski maintained a Buy rating on Townsquare Media (TSQResearch Report) yesterday and set a price target of $12. The company’s shares closed yesterday at $5.51.

According to TipRanks.com, Kupinski is a 1-star analyst with an average return of -1.4% and a 47.1% success rate. Kupinski covers the Services sector, focusing on stocks such as Salem Communications Corp, Tribune Publishing Co, and 1-800 Flowers.com.

Currently, the analyst consensus on Townsquare Media is a Moderate Buy with an average price target of $11.50, a 108.7% upside from current levels. In a report released yesterday, Macquarie also maintained a Buy rating on the stock with a $6.50 price target.

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Based on Townsquare Media’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $16.72 million. In comparison, last year the company had a GAAP net loss of $27.49 million.

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