Credit Suisse Group set a €11.20 ($13.02) price target on Prosiebensat 1 Media (ETR:PSM) in a research note published on Wednesday, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
PSM has been the subject of a number of other research reports. HSBC set a €16.50 ($19.19) price objective on Prosiebensat 1 Media and gave the company a buy rating in a report on Tuesday, October 22nd. Kepler Capital Markets set a €18.00 ($20.93) price objective on Prosiebensat 1 Media and gave the company a buy rating in a report on Thursday, November 7th. Deutsche Bank set a €14.50 ($16.86) price objective on Prosiebensat 1 Media and gave the company a neutral rating in a report on Friday, November 8th. Oddo Bhf set a €18.50 ($21.51) price objective on Prosiebensat 1 Media and gave the company a neutral rating in a report on Friday, September 20th. Finally, Berenberg Bank set a €24.00 ($27.91) price objective on Prosiebensat 1 Media and gave the company a buy rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Prosiebensat 1 Media presently has an average rating of Hold and a consensus price target of €16.34 ($19.00).
PSM traded up €0.03 ($0.03) during trading hours on Wednesday, reaching €13.08 ($15.21). 897,132 shares of the company’s stock traded hands, compared to its average volume of 2,250,000. The firm has a 50-day moving average price of €13.06 and a 200 day moving average price of €13.35. Prosiebensat 1 Media has a 52-week low of €10.66 ($12.40) and a 52-week high of €18.46 ($21.47). The company has a quick ratio of 1.01, a current ratio of 1.20 and a debt-to-equity ratio of 311.48. The firm has a market capitalization of $2.96 billion and a PE ratio of 9.86.
About Prosiebensat 1 Media
ProSiebenSat.1 Media SE, together with its subsidiaries, operates as a media company in Europe. The company operates through three segments: Entertainment, Content Production & Global Sales, and Commerce. The Entertainment segment operates free TV stations, such as SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold, ProSieben MAXX, and kabel eins Doku, as well as distributes ProSiebenSat.1 HD stations.
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