Market participant are once again showing interest in shares in Nine Entertainment Co. Holdings Limited. The technical chart pattern now appears positive for the short term with new upside potential. Investors have an opportunity to buy the stock and target the AUD 3.3.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.
Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
For several months, analysts have been revising their EPS estimates roughly upwards.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
Analysts covering this company mostly recommend stock overweighting or purchase.
The tendency within the weekly time frame is positive above the technical support level at 1.65 AUD
The company's earnings releases usually do not meet expectations.
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