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%.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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%.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.