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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 Sunday, Analyst Ratings Network reports.

Prime Media Group Limited (ASX:PRT) opened at 1.000 on Friday. Prime Media Group Limited has a one year low of A$0.925 and a one year high of A$1.235. The stock’s 50-day moving average is A$1.01 and its 200-day moving average is A$1.04. The company has a market cap of A$366.3 million and a P/E ratio of 18.36.

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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