Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Southern Cross Media Group Limited ( (AU:SXL) ) has provided an update.
Seven West Media has announced a proposed merger with Southern Cross Media, aiming to create a leading integrated Total TV, Audio, and Digital platform. This merger is expected to enhance the company’s market positioning by combining resources and expanding its reach, potentially benefiting stakeholders through increased audience engagement and advertising 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
Seven West Media is one of Australia’s leading media companies, with a significant presence in broadcast television, publishing, and digital platforms. The company owns well-known media businesses and platforms such as the Seven Network, 7NEWS.com.au, and The West Australian, and is a broadcast partner for major sports events like the AFL and Cricket Australia.
Average Trading Volume: 261,596
Technical Sentiment Signal: Buy
Current Market Cap: A$200.3M
For a thorough assessment of SXL stock, go to TipRanks’ Stock Analysis page.