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Noble Financial Thinks Salem Communications’ Stock is Going to Recover

Noble Financial analyst Michael Kupinski maintained a Buy rating on Salem Communications (SALMResearch Report) today and set a price target of $5.25. The company’s shares closed last Wednesday at $2.26, close to its 52-week low of $1.91.

According to TipRanks.com, Kupinski is a 4-star analyst with an average return of 7.3% and a 40.6% success rate. Kupinski covers the Services sector, focusing on stocks such as E. W. Scripps Company Class A, Esports Entertainment Group, and Beasley Broadcast Group.

Salem Communications has an analyst consensus of Moderate Buy, with a price target consensus of $5.25.

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The company has a one-year high of $6.82 and a one-year low of $1.91. Currently, Salem Communications has an average volume of 73.1K.

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Salem Media Group, Inc. engages in the provision of media specializing in Christian and conservative content. It operates through the following segments: Broadcast, Digital Media and Publishing. The Broadcast segment owns and operates radio stations in large metropolitan markets, which includes national and local programming content. The Digital Media segment provides content for audiences interested in Christian and family-themed content and conservative news and opinion. The Publishing segment comprises of book publishing, self-publishing services and print and digital magazines. The company was founded by Stuart W. Epperson and Edward G. Atsinger III in 1986 and is headquartered in Camarillo, CA.

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