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Barrington Sticks to Its Buy Rating for Townsquare Media (TSQ)

Barrington analyst James Goss reiterated a Buy rating on Townsquare Media (TSQResearch Report) today and set a price target of $19.00. The company’s shares opened today at $8.15.

According to TipRanks, Goss is an analyst with an average return of -5.2% and a 38.42% success rate. Goss covers the Services sector, focusing on stocks such as Townsquare Media, Marcus, and Nexstar Media Group.

Currently, the analyst consensus on Townsquare Media is a Strong Buy with an average price target of $18.67, implying a 129.08% upside from current levels. In a report released on November 10, Noble Financial also maintained a Buy rating on the stock with a $23.00 price target.

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TSQ market cap is currently $141M and has a P/E ratio of 14.83.

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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.

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