Movers and SHAKERS
Townsquare Media Inc (TSQ)
What Does Getting Current On Its Financial Reporting Mean For The Stock?
Townsquare Media Inc is an entertainment and media company offering digital marketing solutions in the United States and Canada. It owns and operates radio stations, social media properties focusing the small and mid-cap companies. Services offered to the clients include live events, local advertising, digital advertising, e-commerce offerings, few others. The segments through which the company operates its businesses are classified into Local marketing solutions and Entertainment segments. Revenues are generated from commercials through broadcasts and sale of internet based advertisements.
Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Files 10K. The company recently filed its 10K and provided some color on its $108.4 million non cash impairment charges and some measures it took to offset the Covid impact. The impairment charges are nothing new post Covid, as most Broadcasters have reported impairment on broadcast licenses. This impairment reflects a change in the valuation approach to those licenses, which we believe conservatively reflects the value of its licenses.
Why we view the filing favorably. With the 10K filing, the company is back on track toward regular financial reporting. It is expected to...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.