ProSiebenSat1 Media (ETR:PSM) Change of Rating
In analysts report issued to clients and investors on 26 February, Deutsche Bank AG has raised ProSiebenSat1 Media (ETR:PSM) stock to Buy and has set a 12 month PT at EUR 58.00. Deutsche Bank AG’s target is 23.93 % from PSM’s last price.
The rating upgrade is welcomed by stock speculators, as ETR:PSM is currently trading 0.04% higher at EUR 46.83 as of 21:34 Frankfurt time. ProSiebenSat1 Media’s stock is down -0.16% over the past 200 days. It has outperformed the S&P500, which has dropped -7.20% over the same time.
ETR:PSM Price Chart & Trend
The stock price of ProSiebenSat1 Media has decreased 0.16% over the last 200 days, and is in fragile down trend. In the last 50 and 100 days, ProSiebenSat1 Media is down 3.85% and up 0.18%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
ProSiebenSat1 Media (ETR:PSM) Profile
Prosiebensat 1 Media SE is a Germany-based company engaged in the media sector. The Company’s core business is advertising-financed free television (TV). Its TV stations include: SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold and ProSieben MAXX.
ProSiebenSat1 Media (ETR:PSM) traded up 0.04% on 26 February, hitting EUR 46.83. A total of 1.10 million shares of the company’s stock traded hands. This is up from average of 678,581 shares. ProSiebenSat1 Media has a 52 week low of EUR 37.62 and a 52 week high of EUR 50.95. The company has a market cap of 10.25 billion EUR and a P/E ratio of 24.02.
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The post ProSiebenSat1 Media (ETR:PSM) Rating was Upgraded by Equity Analysts at Deutsche Bank AG to a Buy Rating with EUR 58.00 Target appeared first on Octafinance.