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Cumulus Media Inc (NASDAQ:CMLS) stock price target increased to $0.25, issued a research note today by Zacks Investment Research

In a report released on Tuesday September 27, 2016 Zacks Investment Research increased the stock price target of Cumulus Media Inc (NASDAQ:CMLS) to $0.25 indicating a possible downside of -0.24%.

Yesterday Cumulus Media Inc (NASDAQ:CMLS) traded 2.39% higher at $0.33. The company’s 50-day moving average is $0.36 and its 200-day moving average is $0.37. The last closing price is down -12.62% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 114,196 shares of the stock traded hands, down from an average trading volume of 450,206

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Cumulus Media Inc (NASDAQ:CMLS)

Cumulus Media Inc has a 52 week low of $0.18 and a 52 week high of $0.82 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokers have issued a research note on the company. The average stock price target is $0.80 with 0 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Cumulus Media Inc (NASDAQ:CMLS)

Cumulus Media Inc. (Cumulus) is a radio broadcasting company. The Company is also a provider of country music and lifestyle content through its NASH brand, which serves through radio programming, NASH Country Weekly magazine and live events. Its product lines include broadcast advertising, digital advertising, political advertising and non-advertising based license fees. Its broadcast advertising includes the sale of commercial advertising time to local, national and network clients. Its digital advertising includes the sale of advertising and promotional opportunities across its Websites and mobile applications. Its across the nation platform generates content distributable through both broadcast and digital platforms. Its categories of advertisers consist of amusement and recreation; banking and mortgage; furniture and home furnishings; arts and entertainment; food and beverage services; healthcare services; automotive dealers; food and beverage stores, and telecommunications.

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