ProSiebenSat1 Media (ETR:PSM) Rating Upgrade
In a report issued to clients and investors on Thursday, 31 March, Independent Research GmbH upped shares of ProSiebenSat1 Media (ETR:PSM) to Buy rating. Independent Research GmbH currently has a EUR 54.00 TP on the stock. The firm TP gives a potential upside of 19.26 % from ProSiebenSat1 Media (ETR:PSM)’s previous close.
Despite the rating upgrade ETR:PSM is right now trading -0.51% lower at EUR 44.96 as of 23:44 Frankfurt time. ProSiebenSat1 Media’s stock is down -6.18% in the last 200 days. It has underperformed the S&P500 Index, which has declined -1.12% in the same time.
ETR:PSM Price Chart & Trend
The stock price of ProSiebenSat1 Media is down 6.18% over the last 200 days, and is in unsteady down trend. In the last 50 and 100 days, ProSiebenSat1 Media is down 0.86% and down 11.96%, 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 down -0.51% on 31 March, hitting EUR 44.96. A total of 880,008 shares of the company’s stock traded hands. This is down from average of 1.02M 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 9.84B EUR and a P/E ratio of 24.85.
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The post ProSiebenSat1 Media (ETR:PSM) is Improved by Analysts at Independent Research GmbH to Buy Rating. EUR 54.00 is The Target Price per Share appeared first on Octafinance.