Short Term Rating on Cumulus Media (CMLS)

Cumulus Media (CMLS) has an average broker rating of 2.67, which is interpreted as a Hold, as rated by 3 equity analysts. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Cumulus Media (CMLS) : 3 Wall Street analysts covering Cumulus Media (CMLS) believe that the average level the stock could reach for the short term is $0.94. The maximum price target given is $2 and the minimum target for short term is around $1, hence the standard deviation is calculated at $0.5.

Company shares have received an average consensus rating of Hold for the current week


Cumulus Media (NASDAQ:CMLS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.33 and $0.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.37, notching a gain of 10.83% for the day. The total traded volume was 1,197,212 . The stock had closed at $0.33 on the previous day.

Cumulus Media Inc. is a radio broadcaster in the United States. The Company is also a provider of country music and lifestyle content through its NASH brand, which serves through radio programming, NASH magazine, concerts, licensed products, and television or video. The Companys 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 and telecommunications. Its product lines include broadcast advertising, digital advertising, political advertising and non-advertising based license fees. Its brands include Sweetjack, SweetDeals and Incentrev brands. It provides content that is distributed through over 460 owned and operated stations in approximately 90 the United States media markets, over 8,500 broadcast radio affiliates and digital channels. It provides sales and marketing services for 11 radio stations in the United States.

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