Zacks Investment Research downgraded Cumulus Media Inc (NASDAQ:CMLS) to Hold in a report released today.
- Updated: October 5, 2016
Zacks Investment Research has downgraded Cumulus Media Inc (NASDAQ:CMLS) to Hold in a report released on 10/05/2016.
Previously on Tuesday September 27, 2016, Zacks Investment Research reported about Cumulus Media Inc (NASDAQ:CMLS) raised the target price from $0.00 to $0.25. At the time, this indicated a possible downside of -0.24%.
Yesterday Cumulus Media Inc (NASDAQ:CMLS) traded 0.58% higher at $0.33. The company’s 50-day moving average is $0.35 and its 200-day moving average is $0.37. The last stock close price is down -10.84% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 118,953 shares of the stock were exchanged, down from an average trading volume of 417,343
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Cumulus Media Inc has a 52 week low of $0.18 and a 52 week high of $0.81 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 5 firms have reported on the stock. The consensus target price is $0.80 with 0 firms rating the stock a strong buy, 5 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
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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