RTL Group (OTCMKTS:RGLXY) Trading 9.9% Higher – Here’s What Happened

Shares of RTL Group S.A. (OTCMKTS:RGLXY) were up 9.9% during mid-day trading on Thursday . The company traded as high as $4.60 and last traded at $4.60. Approximately 1,747 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 1,449 shares. The stock had previously closed at $4.1840.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of RTL Group in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

RTL Group Stock Performance

The company has a fifty day moving average of $4.15 and a 200 day moving average of $3.97.

RTL Group Company Profile

RTL Group is a leading European entertainment network headquartered in Luxembourg, specializing in broadcasting, content production and digital streaming services. The company operates a broad portfolio of free-to-air and pay-TV channels across key European markets, including RTL in Germany, M6 in France, RTL Belgium, RTL Nederland, RTL Croatia, and RTL Hungary. It also maintains a diverse radio division, offering local radio stations in Belgium, Germany and Luxembourg, supported by an integrated advertising sales network.

In addition to its core broadcasting activities, RTL Group encompasses Fremantle, one of the world’s largest content production and distribution companies.