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Prime Media Group Limited (ASX:PRT) was downgraded by equities researchers at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued on Friday, AmericanBankingNews.com reports.

Shares of Prime Media Group Limited (ASX:PRT) traded down 1.45% during mid-day trading on Friday, hitting A$1.020. The stock had a trading volume of 21,247 shares. Prime Media Group Limited has a 52-week low of A$0.910 and a 52-week 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$373.7 million and a P/E ratio of 18.82.

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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