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Mediaset Espana: shares outperform on broker's comments.

(CercleFinance.com) - Shares of Mediaset Espana are up over 1% on Thursday after Liberum said it was raising its target price on the stock grom from 9 euros to 9.
5 euros.

The broker, which maintains a "hold" rating on the stock, has also raised its TV advertising forecasts on the free-to-air broadcaster, now anticipating 4.5% net TV advertising revenue growth in the fourth quarter, up from 2.5% previously.

Liberum said it expects content for children to have performed better than initially thought.

Shares of Mediaset Espana, which owns Spain's Telecinco channel, are currently up 1.1% at 9.5 euros in late morning trading. Meanwhile, Madrid's IBEX 35 index is down 0.3%.

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