Mediaset (MDIUY) Downgraded by Zacks Investment Research
According to Zacks, “Mediaset S.p.A. is a commercial television group. The Company engages in advertisement, free and pay TV, Fiction & Cinema, Information, Web and other activities, signal transmission and external activities. Mediaset S.p.A. is based in Milan, Italy. “
Separately, Societe Generale cut Mediaset from a “buy” rating to a “hold” rating in a report on Friday, July 29th.
Shares of Mediaset (NASDAQ:MDIUY) remained flat at $9.45 during mid-day trading on Thursday. Mediaset has a 12-month low of $8.96 and a 12-month high of $15.44. The company’s 50-day moving average price is $9.44 and its 200 day moving average price is $11.28. The stock’s market capitalization is $3.58 billion.
Mediaset Company Profile
Mediaset SpA is an Italy-based company engaged in the broadcasting sector. The Company is active in the broadcasting of commercial television in Italy and Spain. In Italy, it divides its activities into two main segments: Integrated Television Operations, which is involved in free-to-air generalist television, through RTI SpA, which manages Canale 5, Italia I and Rete 4, as well as a broad range of programs, such as football, television series, cinema, documentaries and children’s television; Network Infrastructure Services and Management, operates through Ei Towers SpA, which operates infrastructure networks and electronic communications services in the field of television, radio and mobile phone broadcasting.
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