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Nine Entertainment Co. Holdings Limited ( (AU:NEC) ) has issued an update.
Nine Entertainment Co., through its subsidiary Stan, has acquired selected assets from Optus Sport, including media rights for the Premier League and Emirates FA Cup, enhancing its sports content offering. This strategic acquisition is expected to be financially beneficial for Stan, expanding its reach to Optus Sport’s subscriber base and strengthening its position in the Australian sports broadcasting market.
The most recent analyst rating on (AU:NEC) stock is a Buy with a A$2.30 price target. To see the full list of analyst forecasts on Nine Entertainment Co. Holdings Limited stock, see the AU:NEC Stock Forecast page.
More about Nine Entertainment Co. Holdings Limited
Nine Entertainment Co. Holdings Limited is a prominent player in the media and entertainment industry, primarily offering television broadcasting, digital media, and subscription video services. Through its subsidiary Stan, Nine focuses on delivering premium content across various sports, including rugby, tennis, motorsport, and combat sports, catering to a diverse audience in Australia.
Average Trading Volume: 6,242,411
Technical Sentiment Signal: Buy
Current Market Cap: A$2.54B
For an in-depth examination of NEC stock, go to TipRanks’ Overview page.