ProSiebenSat.1 Media (OTCMKTS:PBSFY – Get Rating) had its price objective dropped by stock analysts at Morgan Stanley from €10.00 ($10.10) to €8.00 ($8.08) in a research note issued on Wednesday, The Fly reports.
A number of other brokerages have also commented on PBSFY. Deutsche Bank Aktiengesellschaft cut their price objective on shares of ProSiebenSat.1 Media from €21.00 ($21.21) to €17.00 ($17.17) and set a “buy” rating for the company in a research report on Wednesday, March 23rd. Berenberg Bank reduced their price objective on ProSiebenSat.1 Media from €14.90 ($15.05) to €13.60 ($13.74) and set a “hold” rating for the company in a research report on Wednesday, April 20th. Credit Suisse Group cut their target price on ProSiebenSat.1 Media from €11.30 ($11.41) to €8.70 ($8.79) in a research note on Sunday, May 15th. Finally, The Goldman Sachs Group lowered shares of ProSiebenSat.1 Media from a “neutral” rating to a “sell” rating in a report on Monday, July 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, ProSiebenSat.1 Media has an average rating of “Hold” and an average price target of $15.22.
ProSiebenSat.1 Media Stock Performance
Shares of OTCMKTS PBSFY opened at $2.18 on Wednesday. ProSiebenSat.1 Media has a 12 month low of $1.93 and a 12 month high of $4.97. The company has a market cap of $1.97 billion, a P/E ratio of 4.74 and a beta of 1.44. The business’s 50 day moving average is $2.39 and its two-hundred day moving average is $3.02. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 1.11.
ProSiebenSat.1 Media Company Profile
ProSiebenSat.1 Media SE, together with its subsidiaries, operates as a media company in Europe. It operates through three segments: Entertainment, Dating & Video, and Commerce & Ventures. The Entertainment segment operates free TV stations and digital paltforms, 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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