Excellent session for the Rcs Mediagroup share on a day in which the Ftse Mib index is constantly in positive territory, thanks above all to the banks. The shares of the publishing group, which show an increase of more than 4%, have reached and exceeded the 1,39 euro mark, equivalent to the target price assigned by Mediobanca in a newly drafted report which expresses the decision to restart coverage of the RCS share with rating neutral.
The analysts of Piazzetta Cuccia (which is also a shareholder of the publishing group) are convinced that the strategic plan of the publishing group has started under good auspices under the banner of the saying that a good start is half done (“A good start is half the battle"). The RCS group is clearly moving along three lines: an acceleration of the transition towards the new world of media with digital revenues more than double in the period (since 15 April 2013), a strong commitment to cost control and a visible reduction in group debt. Mediobanca analysts write: “We believe that the group's new plan can be implemented, there is a good track record in terms of cost savings in recent years and in the light of the new management's significant attention to both innovation and innovation. digital than to debt reduction”.
