Macquarie Downgrades Prime Media Group Limited to Neutral (PRT)
Prime Media Group Limited (ASX:PRT) was downgraded by research analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report released on Thursday, StockRatingsNetwork.com reports.
Shares of Prime Media Group Limited (ASX:PRT) remained flat at A$1.015 during during mid-day trading trading on Thursday. 274,059 shares of the company’s stock traded hands. Prime Media Group Limited has a one year low of A$0.900 and a one year high of A$1.235. The stock has a 50-day moving average of A$1.02 and a 200-day moving average of A$1.04. The company has a market cap of A$371.8 million and a P/E ratio of 18.45.
Prime Media Group Limited is engaged in the provision of free to air commercial television broadcasting services in the regional areas (ASX:PRT), which include Northern New South Wales and the Gold Coast; Southern New South Wales; Victoria and Mildura, and Western Australia.
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