Prosiebensat.1 Media (OTCMKTS:PBSFY) Hits New 1-Year High - Here's What Happened

Key Points

• Prosiebensat.1 Media shares reached a new 52-week high of $2.26 during trading, with the last trade recorded at $2.24.
• A recent upgrade by DZ Bank changed the stock rating from "hold" to "strong-buy," while Barclays downgraded its rating from "strong-buy" to "hold."
• The company reported earnings of $0.02 per share, missing estimates significantly, with a revenue of $953.09 million, below the consensus estimate of $996.46 million.

Shares of Prosiebensat.1 Media Se (OTCMKTS:PBSFY - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $2.26 and last traded at $2.24, with a volume of 3296 shares changing hands. The stock had previously closed at $2.24.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. DZ Bank upgraded shares of Prosiebensat.1 Media from a "hold" rating to a "strong-buy" rating in a report on Monday, May 12th. Barclays cut shares of Prosiebensat.1 Media from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th.

Prosiebensat.1 Media Stock Performance

The company has a market cap of $2.03 billion, a P/E ratio of -22.40 and a beta of 1.21. The stock's 50 day moving average is $2.00 and its 200-day moving average is $1.73. The company has a current ratio of 0.97, a quick ratio of 0.92 and a debt-to-equity ratio of 1.51.

Prosiebensat.1 Media (OTCMKTS:PBSFY - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.20). The firm had revenue of $953.09 million during the quarter, compared to the consensus estimate of $996.46 million. Prosiebensat.1 Media had a positive return on equity of 13.40% and a negative net margin of 2.27%.

Prosiebensat.1 Media Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 2nd were paid a $0.0072 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 35.0%. Prosiebensat.1 Media's payout ratio is presently -10.00%.

About Prosiebensat.1 Media

ProSiebenSat.1 Media SE operates as a media company in Germany, Austria, Switzerland, the United States, and internationally. It operates through three segments: Entertainment, Dating & Video, and Commerce & Ventures. The Entertainment segment operates free TV stations and digital platforms, such as SAT.1, ProSieben, Kabel Eins, sixx, SAT.1 Gold, ProSieben MAXX, and Kabel Eins Doku, as well as PULS4, PULS24, ATV I, ATV II, and PLUS 8.

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