Cumulus Media (CMLS) : The consensus on Cumulus Media (CMLS) based on 3 analyst recommendation on the company stock is 2.67, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Cumulus Media (CMLS) : The highest short term price target forecast on Cumulus Media (CMLS) is $2 and the lowest target price is $1. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $0.94 with a standard deviation of $0.5.
Cumulus Media (NASDAQ:CMLS): The stock opened at $0.31 on Wednesday but the bulls could not build on the opening and the stock topped out at $0.31 for the day. The stock traded down to $0.30 during the day, due to lack of any buying support eventually closed down at $0.30 with a loss of -1.41% for the day. The stock had closed at $0.30 on the previous day. The total traded volume was 189,256 shares.
The company shares have dropped -84.04% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $1.99 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $0.33 and the 200 Day Moving Average price is recorded at $0.34.
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.