November 25, 2016 - By Nellie Frank
Hauck & Aufhäuser Privatbankiers KGaA upped the shares of ProSiebenSat1 Media (ETR:PSM) to a Buy rating in analysts note shared with investors on Friday morning. The financial company after the upgrade has EUR 43.00 TP on the stock.
Out of 23 analysts covering ProSiebenSat1 Media (ETR:PSM), 11 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 48% are positive. €58 is the highest target while €37 is the lowest. The €46.30 average target is 44.33% above today’s (€32.08) stock price. ProSiebenSat1 Media has been the topic of 98 analyst reports since June 26, 2015 according to StockzIntelligence Inc. On Thursday, May 5 the stock rating was downgraded by DZ-Bank AG to “Sell”. The firm has “Buy” rating given on Friday, April 1 by Independent Research. JP Morgan downgraded Prosiebensat 1 Media SE (ETR:PSM) rating on Thursday, June 23. JP Morgan has “Underweight” rating and €38 price target. The firm has “Buy” rating given on Friday, November 4 by Kepler Cheuvreux. Independent Research upgraded Prosiebensat 1 Media SE (ETR:PSM) rating on Monday, August 3. Independent Research has “Buy” rating and €54 price target. As per Saturday, February 27, the company rating was upgraded by BNP Paribas. As per Saturday, February 27, the company rating was upgraded by Deutsche Bank. The rating was upgraded by Kepler Cheuvreux on Tuesday, November 22 to “Buy”. The rating was maintained by Warburg Research on Friday, August 14 with “Hold”. As per Tuesday, October 27, the company rating was maintained by Societe Generale.
About 354,559 shares traded hands. Prosiebensat 1 Media SE (ETR:PSM) has declined 88.08% since April 28, 2016 and is downtrending. It has underperformed by 93.49% the S&P500.
Prosiebensat 1 Media SE is a Germany firm engaged in the media sector. The company has a market cap of 7.48 billion EUR. The Company’s core business is advertising-financed free television . It has a 16.97 P/E ratio. The Company’s TV stations include: SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold and ProSieben MAXX.
More notable recent Prosiebensat 1 Media SE (ETR:PSM) news were published by: Seekingalpha.com which released: “ProSiebenSat.1 Media SE’s (PBSFF) CEO Thomas Ebeling on Q3 2016 Results …” on November 05, 2016, also Marketwatch.com with their article: “ProSiebenSat.1 Media to increase capital by 6.5%” published on November 03, 2016, Bloomberg.com published: “ProSiebenSat.1 to Buy Majority Stake in Dating Website Parship” on September 05, 2016. More interesting news about Prosiebensat 1 Media SE (ETR:PSM) were released by: Bloomberg.com and their article: “Discovery Hires CFO From German Broadcaster ProSiebenSat.1” published on October 04, 2016 as well as Blogs.Wsj.com‘s news article titled: “CFO Moves: Dick’s Sporting Goods, Participant Media, TriNet, ProSiebenSat.1 Media” with publication date: October 04, 2016.
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By Nellie Frank