Citi eyes value in beaten-down media sector

Original article by Lilly Vitorovich
The Australian – Page: 20 : 16-Jan-19

Citigroup has downgraded its 2018-19 earnings-per-share forecasts for listed media groups, including Nine Entertainment Company, Seven West Media and Southern Cross Media. The investment bank has also reduced its share price targets for these stocks, although its recommendations on Nine, Seven, Southern Cross and News Corporation have been upgraded.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, SEVEN WEST MEDIA LIMITED – ASX SWM, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, NEWS CORPORATION – ASX NWS, HT&E LIMITED – ASX HT1, CITIGROUP PTY LTD, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA

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