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The latest update is out from Southern Cross Media Group Limited ( (AU:SXL) ).
Seven West Media Limited and Southern Cross Media Group Limited have announced a merger to form a leading integrated media company with significant scale and reach across metropolitan and regional Australia. The merger, which is expected to generate substantial cost and revenue synergies, will see SWM shareholders owning 49.9% and SCA shareholders 50.1% of the combined entity. This strategic move is anticipated to enhance the companies’ ability to serve audiences and advertisers, leveraging shared content and commercial opportunities.
The most recent analyst rating on (AU:SXL) stock is a Sell with a A$0.65 price target. To see the full list of analyst forecasts on Southern Cross Media Group Limited stock, see the AU:SXL Stock Forecast page.
More about Southern Cross Media Group Limited
Southern Cross Media Group Limited is a diversified media company operating in the Australian market, focusing on free-to-air television, streaming, audio, digital, and publishing assets. The company is known for its strong position in the Australian advertising market and aims to attract high-value audiences.
Average Trading Volume: 261,596
Technical Sentiment Signal: Buy
Current Market Cap: A$200.3M
Learn more about SXL stock on TipRanks’ Stock Analysis page.