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TSQ

Townsquare Media

$7.60

0.04 (0.53%)

08:10
03/13/18
03/13
08:10
03/13/18
08:10

Townsquare Media approves quarterly cash dividend of 7.5c per share

The company announced today that its Board of Directors approved the initiation of a quarterly cash dividend of 7.5c per share. The dividend will be payable on May 15, 2018 to shareholders of record as of the close of business on April 2, 2018.

  • 13

    Mar

TSQ Townsquare Media
$7.60

0.04 (0.53%)

09/29/17
09/29/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. DHX Media (DHXM) downgraded to Hold from Buy at Canaccord. 2. Alcobra (ADHD) downgraded to Neutral from Buy at Roth Capital with analyst Michael Higgins citing the company's announcement that it plans to merge with privately-held Arcturus Therapeutics in an all-stock transaction. 3. Scana (SCG) downgraded to Sell from Hold at Williams Capital with analyst Christopher Ellinghaus citing a new shareholder lawsuit accusing the company of manipulating the stock regarding the development of the V.C. Summer nuclear project. 4. Townsquare Media (TSQ) downgraded to Underperform from Buy at BofA/Merrill with analyst Bryan Goldberg citing headwinds and lack of catalysts. 5. Norbord (OSB) downgraded to Underperform from Market Perform at BMO Capital with analyst Ketan Mamtora citing valuation and upcoming OSB supply increases. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/08/17
SPHN
11/08/17
DOWNGRADE
Target $11
SPHN
Equal Weight
Townsquare Media downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Kyle Evans downgraded Townsquare Media to Equal Weight from Overweight, saying the Local Marketing Services business appears healthy but he is unwilling to wait another year for signs of improvement in its struggling Entertainment business. Following the company's quarterly report he lowered his price target on Townsquare Media shares to $11 from $13.
11/08/17
11/08/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Snap (SNAP) was downgraded to Underweight from Neutral at JPMorgan, to Sector Perform from Outperform at RBC Capital, and to Hold from Buy at Stifel. 2. Mallinckrodt (MNK) was downgraded to Neutral from Buy at Goldman Sachs, to Equal Weight from Overweight at Barclays, and to Market Perform from Outperform at Wells Fargo. 3. Scotts Miracle-Gro (SMG) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas saying he finds the shares fairly valued at current levels. 4. Andersons (ANDE) downgraded to Neutral from Buy at Buckingham with analyst Eric Larson citing the weaker than expected third quarter report and guidance. 5. Townsquare Media (TSQ) downgraded to Equal Weight from Overweight at Stephens with analyst Kyle Evans saying the Local Marketing Services business appears healthy but he is unwilling to wait another year for signs of improvement in its struggling Entertainment business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/13/17
RBCM
11/13/17
NO CHANGE
Target $10
RBCM
Outperform
Townsquare Media price target lowered to $10 from $12 at RBC Capital
RBC Capital analyst Leo Kulp lowered his price target on Townsquare Media to $10 following Q3 results, saying the quarter was challenging as management lowered its outlook and considered strategic alternatives for the Entertainment segment. Kulp says the business was negatively impacted by the continued headwind from the Insane Inflatables 5K and National Digital. The analyst also notes that the Local Marketing Solutions segment saw strong results driven by strength in digital offerings, adding the slowdown in subs was due to a shift in customer retention strategies and growth should reaccelerate in the coming quarters. Kulp keeps his Outperform rating on Townsquare Media.

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