Noble Financial analyst Michael Kupinski maintained a Buy rating on Cumulus Media Inc (CMLS – Research Report) on June 13 and set a price target of $26. The company’s shares closed yesterday at $17.38.
According to TipRanks.com, Kupinski is ranked 0 out of 5 stars with an average return of -5.1% and a 36.1% success rate. Kupinski covers the Services sector, focusing on stocks such as Information Services Group, Salem Communications Corp, and Tribune Publishing Co.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cumulus Media Inc with a $23 average price target.
Based on Cumulus Media Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $451K. In comparison, last year the company had a GAAP net loss of $5 million.
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Cumulus Media, Inc. engages in the business of radio broadcasting. It operates through the following segments: Radio Station Group, Westwood One, and Corporate and Other. The Radio Station Group segment includes the sale of broadcasting time to local, regional, and national advertisers.