Stock Rating Downgrade
The Value Trend Rating for Townsquare Media Inc (NYSE: TSQ) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/9/24, Townsquare Media Inc (NYSE: TSQ) stock suffered a large decline of -7.3%, closing at $10.62. Moreover, trading volume in this decline was unusually high at 170% of normal. The stock has been strong relative to the market over the last nine months but has declined -9.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, TSQ is expected to continue to be a major Value Builder.
Townsquare Media has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Townsquare Media has a good Appreciation Score of 76 but a neutral Power Rating of 44, with the High Neutral Value Trend Rating the result.
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