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Cumulus Media (CMLS) Gets a Buy from Barrington

Barrington analyst James Goss reiterated a Buy rating on Cumulus Media (CMLSResearch Report) today and set a price target of $17.00. The company’s shares opened today at $8.98.

Goss covers the Services sector, focusing on stocks such as Clear Channel Outdoor, Warner Bros, and AMC Entertainment. According to TipRanks, Goss has an average return of -4.2% and a 41.14% success rate on recommended stocks.

Cumulus Media has an analyst consensus of Moderate Buy, with a price target consensus of $20.50, which is a 128.29% upside from current levels. In a report released on August 4, Noble Financial also maintained a Buy rating on the stock with a $24.00 price target.

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The company has a one-year high of $15.67 and a one-year low of $6.46. Currently, Cumulus Media has an average volume of 242.5K.

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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. The Westwood One segment covers the revenues generated primarily through network advertising. The Corporate and Other segment consists of the overall executive, administrative, and support functions for each of the company’s reportable segments, including finance and administration, legal, human resources, and information technology functions. The company is headquartered in Atlanta, GA.

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