Atresmedia : Market a little softer but earnings proving resilient
>Q2 results broadly in line - Atresmedia released its Q2 results yesterday and they came out broadly in line with expectations. It followed them up with a conference call. Management delivered the same message about Spain’s advertising market in H2 as Mediaset España did. It sees the market growing by 0 to +1% in 2018. We reiterate our Buy rating on the stock and have adjusted our target price to € 9.5 (after trimming our 2018 forecasts). We still think the stock is a...Atresmedia Corporacion De Medios De Comunicacion is a television and radio broadcasting company based in Spain. Co. is engaged in the indirect management of television and radio services, which include the broadcasting, creation, production and distribution of television and radio programming, and the sale of advertising time. Group companies mainly carry on business activities relating to the production, copying and broadcasting of sounds and images, and TV and Internet home shopping. Co. provides National and World Digital Television Services. Co. is the parent company of Grupo Antena 3.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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