Cumulus Ends The Week On A Strong Note

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Is a leaner Cumulus Media a more profitable one? That’s what investors indicate, based on the strength seen on Friday for the company’s stock.


Minutes before the Closing Bell on Wall Street, CMLS was trading at $18.20, up 39 cents from Thursday’s close.

Cumulus, however, is a thinly traded issue, with just 7,188 shares trading on Friday.

Still, CMLS holds a 1-year Target Estimate of $16, and it has been since early September that Cumulus’ stock has been valued at this level.

The boost could be tied to preliminary Q4 results released this week by Cumulus.

MORE FROM RBR+TVBR:

‘Significant Distraction’: Now In Cumulus’ Rear-View Mirror

If the company’s preliminary operating results are on target, investors will be undoubtedly pleased with the trajectory the nation’s No. 2 commercial radio broadcasting company by number of stations is performing — even as it pares down assets as part of its new plan of action under CEO Mary Berner.

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