Cumulus Media Inc. (CMLS) Stock Rating Reaffirmed by Noble Financial

Noble Financial reiterated their hold rating on shares of Cumulus Media Inc. (NASDAQ:CMLS) in a report published on Friday.

Separately, Zacks Investment Research lowered shares of Cumulus Media from a buy rating to a hold rating in a report on Tuesday, July 18th.

Cumulus Media (CMLS) opened at $0.29 on Friday. The firm has a market cap of $8.79, a price-to-earnings ratio of 1.15 and a beta of 3.58. Cumulus Media has a 1-year low of $0.22 and a 1-year high of $1.61. The company has a quick ratio of 5.09, a current ratio of 5.09 and a debt-to-equity ratio of -4.86.

Cumulus Media (NASDAQ:CMLS) last announced its quarterly earnings results on Monday, August 14th. The company reported $0.19 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.19. The company had revenue of $290.53 million for the quarter, compared to analyst estimates of $288.00 million. Cumulus Media had a negative net margin of 47.67% and a negative return on equity of 1.60%. equities research analysts expect that Cumulus Media will post -0.47 earnings per share for the current year.

WARNING: This piece was posted by BBNS and is the property of of BBNS. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://baseballnewssource.com/markets/cumulus-media-inc-cmls-stock-rating-reaffirmed-by-noble-financial/1773926.html.

A hedge fund recently bought a new stake in Cumulus Media stock. Alta Fundamental Advisers LLC acquired a new position in Cumulus Media Inc. (NASDAQ:CMLS) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 713,858 shares of the company’s stock, valued at approximately $321,000. Cumulus Media makes up 0.3% of Alta Fundamental Advisers LLC’s holdings, making the stock its 21st biggest holding. Alta Fundamental Advisers LLC owned 2.44% of Cumulus Media at the end of the most recent quarter. Institutional investors own 61.71% of the company’s stock.

Cumulus Media Company Profile

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.

Receive News & Ratings for Cumulus Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cumulus Media Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.