Zacks Research upgraded shares of Cumulus Media (NASDAQ:CMLS – Free Report) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.
Cumulus Media Price Performance
CMLS stock opened at $0.08 on Tuesday. The company has a market capitalization of $1.36 million, a P/E ratio of -0.01 and a beta of 0.71. The company has a debt-to-equity ratio of 3.68, a quick ratio of 1.89 and a current ratio of 1.89. Cumulus Media has a 52-week low of $0.05 and a 52-week high of $1.00. The business has a 50-day simple moving average of $0.10 and a two-hundred day simple moving average of $0.13.
Cumulus Media Company Profile
Cumulus Media Inc is a leading American broadcasting company that owns and operates a network of AM and FM radio stations across the United States. Through its primary division, Cumulus Radio, the company provides a diverse portfolio of programming formats, including news, talk, sports, and various music genres. Beyond station ownership, Cumulus offers comprehensive advertising solutions, creating tailored campaigns for local and national advertisers that leverage on-air promotions, digital platforms, and live events.
Founded in 1997 by Lewis Dickey Jr., Cumulus Media established its corporate headquarters in Atlanta, Georgia.
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