According to ICICI direct.com, Zee News has target price of Rs 50.7 over a six-month time frame.
ICICI direct.com report on Zee News:
ZNL is in dominant positions in a majority of its regional GECs. The company fares better than its key comparable channels in the broadcasting space, IBN7 and NDTV India. At the current market price of Rs 42.2, the stock trading at 17.58x FY09E EPS of Rs 2.4 and 12.78x FY10E EPS of Rs 3.3. At the recommended price of Rs 50.7, the stock discounts the FY10E EPS by 15.36x. We recommend the stock with a target price of Rs 50.7 over a six-month time frame.
Attachments : ZEENEW.pdf