Market participant are once again showing interest in shares in Atresmedia Corporación de Medios de Comunicación, S.A.. The technical chart pattern now appears positive for the short term with new upside potential.
Summary
● The company has solid fundamentals for a short-term investment strategy.
Strengths
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● The company's attractive earnings multiples are brought to light by a P/E ratio at 12.98 for the current year.
● The company is one of the best yield companies with high dividend expectations.
● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
● The stock is in a well-established, long-term rising trend above the technical support level at 2.68 EUR
Weaknesses
● The stock is close to a major daily resistance at EUR 3.38, which should be gotten rid of so as to gain new appreciation potential.
● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
Atresmedia Corporacion de Medios de Comunicacion SA, formerly Antena 3 de Television SA, is a Spain-based company primarily engaged in the television (TV) broadcasting. The Company's activities are divided into three business segments: Television, which specializes in TV broadcasting through its network of channels, such as Antena 3, Neox, Nova, Atresseries and LaSexta; Radio, which focuses on radio broadcasting through a number of radio stations, including Onda Cero, Europa FM and Melodia FM, and Others, which offers advertising services, production of motion pictures and TV movies, as well as development of promotional events, among others. The Company transmits programs in Spain, Colombia, Mexico and the United States, among others.