Townsquare Media (TSQ) Receives a Buy from Barrington

In a report issued on July 20, James Goss from Barrington reiterated a Buy rating on Townsquare Media (TSQResearch Report), with a price target of $19.00. The company’s shares closed last Thursday at $12.06.

According to TipRanks.com, Goss is a 3-star analyst with an average return of 3.0% and a 43.7% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Entertainment Class A, Clear Channel Outdoor, and Nexstar Media Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Townsquare Media with a $23.00 average price target, implying an 89.8% upside from current levels. In a report issued on July 20, Noble Financial also maintained a Buy rating on the stock with a $27.00 price target.

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Townsquare Media’s market cap is currently $197.1M and has a P/E ratio of -7.70. The company has a Price to Book ratio of -0.46.

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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. The company operates through the following segments: Local Marketing Solutions and Entertainment. The Local Marketing Solution segment provides broadcast and digital products & solutions to advertisers and businesses within local markets. The Entertainment segment includes live event experiences, music and lifestyle content directly to consumers, promotion, advertising and product activations to local & national advertisers. The company was founded by Alexander Berkett, Steven Price, Scott Schatz and Stuart B. Rosenstein on February 26, 2010 and is headquartered in New york.