ZURICH (dpa-AFX) - Swiss major bank UBS left RTL Group at "buy" with a price target of 54 euros after quarterly results. The media group's revenue declined due to the difficult advertising market environment and the divestment of activities in Belgium and Croatia, missing the consensus estimate, analyst Richard Eary wrote in a first reaction on Thursday. In addition, he said RTL had made the achievement of its confirmed full-year targets contingent on a recovery in the advertising market in the second half of the year./gl/mis
Publication of the original study: 04.05.2023 / 07:01 / GMT
First disclosure of the original study: 04.05.2023 / 07:01 / GMT
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