RTL Group’s stock rebounds—but can it hold above €34?
RTL Group’s share price has shown signs of recovery after a difficult period. The stock recently closed at €34.05, breaking above its 38-day moving average. This movement suggests a possible end to the recent correction phase.
The €34.05 level has held firm, a development that chart-focused traders see as encouraging. A sustained rebound could follow if the stock maintains this position. However, the coming days will be crucial in determining whether the €34 mark remains a stable support level.
Despite the positive technical signals, RTL’s operational challenges persist. Weakness in TV advertising—particularly in Germany and France—continues to weigh on the company’s outlook. Analysts remain cautious, with U.S. research firm Bernstein maintaining a price target of €30, below the current trading level. The target was set by analyst Annick Maas, reflecting ongoing concerns about RTL’s financial performance.
While RTL’s stock has shown short-term strength, the broader outlook remains uncertain. The company’s ability to stabilise above €34 will be closely watched by investors. Meanwhile, advertising struggles in key markets continue to cast doubt on its recovery prospects.
Read also:
- Federal Funding Supports Increase in Family Medicine Residency Program, Focusing on Rural Health Developments
- Potential Role of DHA in Shielding the Brain from Saturated Fats?
- Alternative Gentle Retinoid: Exploring Bakuchiol Salicylate for Sensitive Skin
- Hanoi initiates a trial program for rabies control, along with efforts to facilitate the transition from the dog and cat meat trade industry.