Townsquare Media has completed a successful transformation but remains undervalued

The earnings season is showing healthy fundamentals in companies. For now, neither companies nor the macro environment are reflecting the impact of the war. So acknowledges Ismael Garcia Puente, Deputy Director of Investment Strategy at Mapfre AM.

Against a backdrop of elevated valuations, weakening consumer confidence, and a sudden deterioration in the geopolitical environment, the market correction experienced during the period should not have come as a surprise.