Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Southern Cross Media Group Limited ( (AU:SXL) ) has issued an announcement.
Southern Cross Media Group Limited has completed the sale of its remaining television assets to Seven West Media, marking its full exit from the television sector. This move is part of the company’s strategic focus on audio, which has resulted in a 5% increase in audio revenues for FY25, supported by effective cost management and a reduction in net debt. The company plans to resume dividends, reflecting its strong financial position. Additionally, Carole Campbell will retire from the Board, with a search for her replacement underway.
The most recent analyst rating on (AU:SXL) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on Southern Cross Media Group Limited stock, see the AU:SXL Stock Forecast page.
More about Southern Cross Media Group Limited
Southern Cross Media Group Limited operates in the media industry, focusing on audio content delivery. The company has strategically shifted its focus to audio, aligning with its ‘All About Audio’ strategy, and has divested its television assets to concentrate on its core audio services.
YTD Price Performance: -10.0%
Average Trading Volume: 287,971
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$129.5M
See more data about SXL stock on TipRanks’ Stock Analysis page.