Cumulus Media Inc (NASDAQ:CMLS) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus price target of $14.00 for the company and are predicting that the company will post $0.70 EPS for the current quarter, according to Zacks. Zacks has also given Cumulus Media an industry rank of 27 out of 256 based on the ratings given to related companies.
Several equities analysts recently commented on CMLS shares. Wolfe Research started coverage on shares of Cumulus Media in a research note on Friday, December 7th. They set a “market perform” rating and a $14.00 price objective for the company. Noble Financial raised shares of Cumulus Media from a “market perform” rating to an “outperform” rating in a research note on Monday, December 17th.
A hedge fund recently bought a new stake in Cumulus Media stock. Neuberger Berman Group LLC purchased a new position in Cumulus Media Inc (NASDAQ:CMLS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 99,416 shares of the company’s stock, valued at approximately $1,698,000. Neuberger Berman Group LLC owned approximately 0.77% of Cumulus Media at the end of the most recent reporting period. 85.85% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ CMLS traded down $0.22 during midday trading on Thursday, hitting $12.23. 3,964 shares of the company’s stock were exchanged, compared to its average volume of 10,667. Cumulus Media has a twelve month low of $9.70 and a twelve month high of $26.00. The company has a debt-to-equity ratio of 3.73, a current ratio of 3.82 and a quick ratio of 3.82.
Cumulus Media (NASDAQ:CMLS) last issued its quarterly earnings data on Wednesday, November 14th. The company reported $0.63 EPS for the quarter. The firm had revenue of $282.25 million for the quarter. As a group, research analysts predict that Cumulus Media will post 36.19 earnings per share for the current fiscal year.
About Cumulus Media
Cumulus Media Inc owns and operates radio stations in the United States. The company operates through Radio Station Group and Westwood One segments. It sells commercial advertising time to local, regional, and national advertisers; and network advertising. The company offers content through approximately 445 owned-and-operated stations in 90 United States media markets; and approximately 8,000 broadcast radio stations affiliates and various digital channels.
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