ProSiebenSat.1: shares clearly outperforming today
(CercleFinance.com) - Shares in German broadcaster ProSiebenSat.
1 are up over 4% on Wednesday, outperforming the slight rebound in European media shares.
The Frankfurt-listed stock is currently up 4.1% at 30.7 euros, versus a 0.6% rise in the STOXX Europe 600 Optimised Media index.
The stock is up, even there is nothing specific to announce, with the only recent good news being the positive comments made by BarCap analysts on Monday.
In a report dedicated to European Media, BarCap maintains its "overweight" rating on ProSiebenSat.1 and has raised its target price from 37.50 euros to 38 euros, citing improving advertising revenues, no loss in market share, digital growth and finally valuation grounds.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
1 are up over 4% on Wednesday, outperforming the slight rebound in European media shares.
The Frankfurt-listed stock is currently up 4.1% at 30.7 euros, versus a 0.6% rise in the STOXX Europe 600 Optimised Media index.
The stock is up, even there is nothing specific to announce, with the only recent good news being the positive comments made by BarCap analysts on Monday.
In a report dedicated to European Media, BarCap maintains its "overweight" rating on ProSiebenSat.1 and has raised its target price from 37.50 euros to 38 euros, citing improving advertising revenues, no loss in market share, digital growth and finally valuation grounds.
Copyright (c) 2018 CercleFinance.com. All rights reserved.