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QMS - Citi rates the stock as Initiation of coverage with Buy
BY BROKER NEWS - 06/08/2018 | VIEW MORE BROKER UPDATES

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QMS - QMS MEDIA LIMITED


Out of home advertising has grown at about double the pace of advertising in general over the past five years and Citi retains a positive view on the sector overall, predicting sector growth will continue to outpace advertising in general.

Coverage of the out-of-home sector has been transferred to a new lead analyst who has initiated QMS Media with a Buy rating and $1.45 price target. The company is seen as a take-over target, while still trading at a discount to peers while offering 16% ebitda CAGR over the next three years.

Sector: Media.

Target price is $1.45.Current Price is $1.05. Difference: $0.40 - (brackets indicate current price is over target). If QMS meets the Citi target it will return approximately 28% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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