A mixed set of FY17 results and some rising costs expected ahead. But the group’s content capabilities remain a valuable asset and it has the financial strength to expand. Some downgrades expected to our forecasts and target price but a positive recommendation is likely to be reiterated awaiting for the “Strategic refresh” to be revealed this summer.
28 Feb 2018
Impacted by a challenging UK advertising environment
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Impacted by a challenging UK advertising environment
ITV PLC (ITV:LON) | 70.2 -0.3 (-0.6%) | Mkt Cap: 2,819m
- Published:
28 Feb 2018 -
Author:
Véronique Cabioc'h -
Pages:
4
A mixed set of FY17 results and some rising costs expected ahead. But the group’s content capabilities remain a valuable asset and it has the financial strength to expand. Some downgrades expected to our forecasts and target price but a positive recommendation is likely to be reiterated awaiting for the “Strategic refresh” to be revealed this summer.