ProSiebenSat1 Media (ETR:PSM) Falls into Favor With Nomura As They Decide to Upgrade Shares

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ProSiebenSat1 Media (ETR:PSM) Stock Upgrade

In a comprehensive report sent to investors on Friday morning, Nomura hiked the shares of ProSiebenSat1 Media (ETR:PSM) to a respectable Buy rating. They currently have a EUR 55.00 PT on the stock. This PT may imply a possible upside of 11.79% from the stock price of ProSiebenSat1 Media (ETR:PSM) shares.

From a total of 20 analysts covering ProSiebenSat1 Media (ETR:PSM) stock, 10 rate it a ”Buy”, 2 a “Sell”, and 8 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is €58 while the lowest target price is €37. The mean of all analyst targets is €50.02 with a 2.00% above today’s (€49.04) stock price. ProSiebenSat1 Media was the topic of 36 analyst reports since June 26, 2015 according to the firm StockzIntelligence Inc. Kepler Cheuvreux upgraded shares on December 2 to “Buy” rating. Hauck & Aufhäuser Privatbankiers KGaA maintained shares with “Hold” rating and €49 target share price in a report from an October 31. JP Morgan maintained PSM stock in a recent report from November 4 with “Neutral” rating. Warburg Research maintained the rating on October 23. Warburg Research has a “Hold” rating and a €45 price target on shares. Finally, Independent Research upgraded the stock to “Buy” rating in a report issued on a November 3.

The stock decreased 1.91% or EUR 0.95 on December 3, striking EUR 49.04. Approximately 621,815 shares of stock traded hands or 13.99% up from the average. Prosiebensat 1 Media SE (ETR:PSM) has 0.00% since May 7, 2015 and is . It has outperformed by 0.29% the S&P500.

 ProSiebenSat1 Media (ETR:PSM) Falls into Favor With Nomura As They Decide to Upgrade Shares

Prosiebensat 1 Media SE is a Germany firm engaged in the media sector. The company has a market cap of 10.73 billion EUR. The Company’s core business is advertising-financed free television . It has 25.15 P/E ratio. The Company’s TV stations include: SAT.1, ProSieben, kabel eins, sixx, SAT.1 Gold and ProSieben MAXX.

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