(Finance) – Protagonist seat at Piazza Affari for shares MFE – MediaForEurope (formerly Mediaset, now traded on the stock exchange with MFE A And MFE B), after CEO Pier Silvio Berlusconi said in an interview that the Advertising revenue in Italy and Spain grew by 5% in the first quarterwhile the group closed 2023 with a growing profit compared to 217 million in 2022, without the accounting effect of Germany’s dividends.
“The performance of advertising proves to be strong in 1Q24 (a seasonally light quarter) after it closed at +8% in Italy in 4Q23 – underline the analysts of Equity – For the moment we confirm the FY24 projections even if our estimate of +1% in advertising revenue (+1% in both Italy and Spain) is now conservative”. the stock has underperformed in the last 3 months and is trading at compressed valuationsis underlined.
Take flight MFE AThat it stands at 2.28 euroswith a increase of 6.64%. Operationally, expectations are for a continuation of the day in a positive direction with resistance seen in the 2.345 area and subsequently at 2.526. Support at 2.164.
Excellent performance MFE BThat it stands at 3.109 euroswith a 6.35% increase. At an operational level, a continuation of the bullish session is expected with resistance seen at 3.184 and subsequently at 3.394. Support at 2.974.