Cumulus Media (CMLS) Earning Positive News Coverage, Study Finds

Press coverage about Cumulus Media (NASDAQ:CMLS) has trended positive on Friday, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cumulus Media earned a media sentiment score of 0.39 on Alpha One’s scale. Alpha One also assigned press coverage about the company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the next several days.

These are some of the media headlines that may have effected Alpha One Sentiment Analysis’s analysis:

CMLS has been the topic of a number of research reports. Zacks Investment Research raised shares of Cumulus Media from a “hold” rating to a “buy” rating and set a $0.50 price objective on the stock in a report on Thursday. Noble Financial reissued a “hold” rating on shares of Cumulus Media in a report on Thursday.

Cumulus Media (NASDAQ:CMLS) traded up 26.8974% during midday trading on Friday, reaching $0.4949. 1,070,685 shares of the company’s stock were exchanged. The firm’s market capitalization is $14.50 million. Cumulus Media has a 52 week low of $0.22 and a 52 week high of $3.60. The firm’s 50 day moving average is $0.30 and its 200 day moving average is $0.80.

Cumulus Media (NASDAQ:CMLS) last issued its earnings results on Monday, May 15th. The company reported ($0.25) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.63) by $0.38. The firm had revenue of $264.03 million for the quarter. Cumulus Media had a negative return on equity of 216.43% and a net margin of 2.46%. On average, equities analysts anticipate that Cumulus Media will post ($0.85) earnings per share for the current year.

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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.

5 Day Chart for NASDAQ:CMLS

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