Barrington Keeps Their Buy Rating on Townsquare Media

In a report released today, James Goss from Barrington maintained a Buy rating on Townsquare Media (NYSE: TSQ), with a price target of $10. The company’s shares opened today at $7.62.

According to TipRanks.com, Goss is a 5-star analyst with an average return of 17.0% and a 68.8% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Cinemark Holdings Inc, and Clear Channel Outdoor.

Townsquare Media has an analyst consensus of Moderate Buy, with a price target consensus of $10.

Based on Townsquare Media’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $164 million and quarterly net profit of $14.19 million. In comparison, last year the company earned revenue of $120 million and had a net profit of $3.24 million.

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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.

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